09-04-2024 10:54 AM | Source: Geojit Financial Services Ltd
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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