Commodity Intraday Technical Outlook 03 January 2025 - Geojit Financial Services Ltd
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Intraday Technical Outlook
Gold LBMA Spot
A direct break above $2675 likely to extend rallies for the day.
Silver LBMA Spot
Choppy with mild negative bias is likely as long as prices stay below $30.
Crude Oil NYMEX
While prices stay above $70 expect recovery rallies for the day.
Gold KG Feb
While above Rs 75500 there are chances of mild recovery rallies for the day.
Silver KG Mar
Inability to move past Rs 90000 weak bias remains exist in the counter.
Crude Oil Jan
Steady trades expected but prices remain on the mild positive territory.
Natural Gas Jan
Choppy trades with mild positive bias expected the day.
Copper Jan
As long as Rs 790 remain undisturbed expect recovery rallies for the day.
Nickel Jan
Prices remain choppy with nil volume.
ZincM Jan
If unable to cross above Rs 278 there are chances of corrective selling.
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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