Commodity Intraday Technical Outlook 02 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Prices remain steady and possibly trade below $2675 levels for the day.
Silver LBMA Spot
A direct break below $28.50 would extend selloffs. Else, recovery rallies expected.
Crude Oil NYMEX
While prices stay above $70 expect recovery rallies for the day.
Gold KG Feb
If the support of Rs 75500 remain hold, there are chances of mild recovery rallies for the day.
Silver KG Mar
Immediate resistance is seen at Rs 90000, which needs to be cleared for further rallies.
Crude Oil Jan
Steady trades expected but prices remain on the mild positive territory.
Natural Gas Jan
While above Rs 300 expect mild positive bias for the day.
Copper Jan
Inability to move past Rs 808 intraday bias mostly on the weaker side.
Nickel Jan
Prices remain choppy with nil volume.
ZincM Jan
As long as the support of Rs 282 hold downside, there are chances of recovery rallies for the day.
LeadM Jan
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Jan
Prices mostly rangebound in the tight range. A direct drop below Rs 238 would trigger selling pressure.
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