Commodity Evening Technical Report - March 24, 2023 - Reliance Securities

Mr.Jatin Gohil, Technical & Derivative Analyst at Reliance Securities

ENERGY

MCX Crude Oil future after breaching the support line of upward moving channel. We might see further in the evening session where, Rs. 5400 will work as a support and Rs. 5700 as a resistance.

BULLION

MCX Gold April future, continued trading on a positive side. It is trading in ascending channel which shown buying interest in the commodity. For the evening session support for the commodity will be Rs. 59,350 and hurdle at the Rs. 60,000.

BASE METALS

MCX Copper future is trading in bullish chart structure where it is making higher highs and higher lows on hourly chart. After testing the higher band commodity is started correcting. Overall positivity may continue in the evening where Rs. 778 will work as support and 790 could be the next hurdle.

Source : Equity Bulls

Keywords

Commodities EveningTechnicalReport Energy CrudeOil Bullion Gold BaseMetals Copper RelianceSecurities