Commodity Intraday Technical Outlook 03 February 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Intraday outlook mostly choppy with mild negative. Anyhow broad sentiments remain bullish.
Silver LBMA Spot
Inability to move past $31, weak bias expected the day.
Crude Oil NYMEX
Upticks expected while the support of $72 remain undisturbed.
Gold KG Feb
Further rallies expected only above Rs 82000. If not, may see corrective selloffs.
Silver KG Mar
Intraday momentum mostly choppy with mild negative.
Crude Oil Feb
Break above Rs 6350 would extend rallies. Else, corrective selloffs expected.
Natural Gas Feb
Expect recovery rallies while the support of Rs 265 remain hold.
Copper Feb
As long as Rs 820 hold downside, intraday momentum mostly upbeat.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
While below Rs 268 expect to continue the weak momentum.
LeadM Feb
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Feb
A direct drop below Rs 251 may liquidate prices further. Else, recovery rallies are on the cards.
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