Commodity Intraday Technical Outlook 29 May 2023 - Geojit Financial Services
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Gold LBMA Spot
Recovery upticks can be se seen as long as the support of $1920 remains undisturbed.
Silver LBMA Spot
Further selloffs are seen only a break of $22.40. If unable to break the same would call for recovery upticks for the day.
Crude Oil NYMEX
Consistent trades above $74 would trigger another round of fresh rallies. Else, corrective selling pressure is likely for the day.
Gold KG Jun
Break below Rs 59000 would extend selling pressure. Inability to break the same would trigger rallies.
Silver KG Jul
Choppy trading expected initially. However, if unable to break the support of Rs 70000 there are chances of recovery upticks.
Natural Gas Jun
Expect a range bound trade inside Rs 208-194 levels and breaking any of the sides would suggest fresh directional moves.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Prices remains on the weaker side as long as it stays below Rs 212. Trend reversal point is seen at Rs 225.
Lead Jun
If the support of Rs 182 remains undisturbed expect recovery rallies. Else, liquidation pressure may continue the day.
Aluminium Jun
Support of Rs 205 hold the downside, there are chances of recovery rallies. A direct dip below the same may call for further liquidation pressure.
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