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2025-06-02 09:43:59 am | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 02 June 2025 - Geojit Financial Services Ltd
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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