Commodity Intraday Technical Outlook 9 April 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot:
Outlook remain bullish and expect rallies would continue the day.
Silver LBMA Spot:
Consistent trades above $28 would extend the bullish outlook. Else, choppy trading expected the day.
Crude Oil NYMEX:
Choppy trading expected the day. Unexpected drop below $81 is reversal sign.
Gold KG Apr:
Bullish outlook remain intact and the immediate downside reversal point is seen only below Rs 69100.
Silver KG May:
Resistance is seen at Rs 82000, which if cleared would extend bullish rallies.
Crude Oil Apr:
Choppy trading expected the day. A direct drop below Rs 7000 to trigger weakness.
Natural Gas Apr:
If the support of Rs 145 remain undisturbed, expect recovery upticks for the day.
Copper Apr:
Bullish bias likely to take prices further higher the day. Stiff support is placed at Rs 775.
Nickel Apr:
Expect choppy with thin volume trading in the near future.
Zinc Apr:
As long as prices stay above Rs 225 would see further rallies in prices.
Lead Apr:
Choppy trading expected as long as the support of Rs 177 remain hold downside.
Aluminium Apr:
Break above the immediate resistance of Rs 225 would extend rallies. Else, mild weakness can be seen today.
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