05-03-2024 10:26 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 5 March 2024 -Geojit Financial Services

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Gold LBMA Spot:

While above $2090 it may extend buying pressure. Else, corrective selloffs expected the day.

Silver LBMA Spot:

Prices remain choppy initially and it is required to break above $24 to extend fresh rallies.

Crude Oil NYMEX:

Consistency above $80 would extend rallies. Else, choppy with corrective selloffs are likely the day.

Gold KG Apr:

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

Silver KG Mar:

As long as Rs 71000 remain undisturbed expect upticks to continue the day.

Crude Oil Mar:

Inability to move past Rs 6700 there are chances of corrective selloffs for the day.

Natural Gas Mar:

If the support of Rs 145 hold downside, recovery rallies would continue.

Copper Mar:

Prices remain choppy 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:

Intraday moves mostly on the positive side as long as it holds the support of Rs 200.

 

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