Commodity Intraday Technical Outlook 02 May 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Outlook remain bullish. Immediate downside reversal point is placed at $3150.
Silver LBMA Spot
Choppy trading expected. It is required to break above $33 to trigger fresh rallies.
Crude Oil NYMEX
Inability to move past $60 there are chances of recovery rallies.
Gold KG Jun
Further selloffs expected only below Rs 92000. If not may see recovery upticks.
Silver KG May
Choppy trading expected initially. A direct break of Rs 99000 would extend rallies.
Crude Oil May
While prices stay below Rs 5150 expect choppy with mild negative bias.
Natural Gas
May As long as Rs 295 remain restrict upside, there are chances of downbeat sentiment today.
Copper May
Likely for mild recovery upticks while prices stay above Rs 830.
Nickel May
Prices remain choppy with nil volume.
ZincM May
If Rs 245 remain hold, there are chances of mild recovery rallies for the day.
LeadM May
If prices stay above Rs 176 there are potential upside.
AluminiumM May
Further selloffs seen only below Rs 230. If not may see recovery rallies.
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