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08-04-2024 11:15 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 8 April 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot:

Initial correction expected, but broad trend remain bullish.

Silver LBMA Spot:

Choppy with mild negative bias expected the day. However, while above $25.50 broad outlook remains on the positive side.

Crude Oil NYMEX:

Corrective selling expected initially. However, major downside turnaround is seen only below $81.

Gold KG Apr:

Intraday bias mostly on the weaker side. But still there are potential upsides later.

Silver KG May:

Weak bias expected the day. Further rallies are seen only above Rs 80000.

Crude Oil Apr:

If unable to move past Rs 7280 weak bias expected the day.

Natural Gas Apr:

Bearish outlook would continue while prices stay below Rs 150.

Copper Apr:

Further upticks are seen only consistent trades above Rs 800.

Nickel Apr:

Expect choppy with thin volume trading in the near future.

Zinc Apr:

Expect corrective selling pressure. Direct rise above Rs 235 would trigger further rallies.

Lead Apr:

Further weakness seen only below Rs 182. Else, outlook remain positive.

Aluminium Apr:

Consistent trades above Rs 224 would extend rallies. Else, choppy trades expected the day.

 

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