Commodity Intraday Technical Outlook 02 June 2025 - Geojit Financial Services Ltd

Intraday Technical Outlook
Gold LBMA Spot
Recovery rallies expected the day. Broad outlook remain bullish.
Silver LBMA Spot
Resistance above $33.70 is required to extend rallies. Else, choppy trading expected.
Crude Oil NYMEX
As long as the support of $60 hold downside, expect recovery rallies. Else, corrective selloffs expected.
Gold KG Jun
Major rallies seen only above Rs 97000. Else, prices remain choppy.
Silver KG May
Consistent trades above Rs 98000 may extend rallies.
Crude Oil Jun
Prices mostly choppy initially. Anyhow, Rs 5200 may act as a stiff support.
Natural Gas May
Stiff support is at Rs 292 which if holds expect recovery rallies.
Copper May
Break above Rs 868 may see prices to move further higher. Else, choppy trading is expected.
Nickel May
Prices remain choppy with nil volume.
ZincM May
Prices mostly choppy today. Break above Rs 260 may extend rallies.
LeadM May
Prices remain congested inside Rs 178-181 levels. Any of the sides breakout would suggest fresh directions.
AluminiumM May
Further selloffs seen only below Rs 235. If not, may see recovery upticks for the day.
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