Powered by: Motilal Oswal
2024-03-05 10:26:31 am | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 5 March 2024 -Geojit Financial Services

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here