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04-03-2024 11:18 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 4 March 2024 -Geojit Financial Services

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Gold LBMA Spot:

Break above $2090 would trigger next round of buying pressure. Else, corrective selloffs expected the day.

Silver LBMA Spot:

Expect a choppy trade inside $23.50-$21.80 levels and breaking any of the sides would suggest fresh directional moves.

Crude Oil NYMEX:

Positive bias likely to continue the day. A direct drop below $75 there are chances of more selling pressure.

Gold KG Apr:

While above Rs 63500 there are chances of upticks to continue the day.

Silver KG Mar:

If the support of Rs 69000 remain hold downside, expect recovery rallies for the day.

Crude Oil Mar:

While above Rs 6600 intraday move mostly on the positive side. Downside reversal point is seen at Rs 6300.

Natural Gas Mar:

If the support of Rs 145 hold downside, expect recovery rallies for the day.

Copper Mar:

Expect a range bound trade inside Rs 736-718 levels and breaking any of the sides would suggest fresh directions.

Nickel Mar:

Expect choppy with thin volume trading in the near future

Zinc Mar:

Break above Rs 216 would continue fresh rallies. Else, corrective selloffs expected.

Lead Mar:

Choppy with mild negative bias expected while prices stay below Rs 181.

Aluminium Mar:

Further selloffs expected only a break of Rs 199. Else, it may continue upticks for the day.

 

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