Commodity Intraday Technical Outlook 04 February 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Broad sentiments remain bullish and expect to continue the momentum.
Silver LBMA Spot
Inability to move past $31, weak bias expected the day.
Crude Oil NYMEX
A direct drop below $72 would trigger weakness. Else, recovery rallies expected.
Gold KG Feb
While above Rs 82000 it may extend the bullish outlook.
Silver KG Mar
Intraday momentum mostly choppy initially but a break above Rs 94500 would trigger major rallies.
Crude Oil Feb
Inability to move past Rs 6250 there are chances of recovery rallies. Else, weakness would continue.
Natural Gas Feb
Expect recovery rallies while the support of Rs 285 remain hold.
Copper Feb
As long as Rs 828 hold downside, intraday momentum mostly upbeat.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
Break above Rs 268 expect to continue rallies. Else weakness expected.
LeadM Feb
While prices stay below Rs 190 sentient mostly downbeat.
AluminiumM Feb
Expect choppy trades inside Rs 246-258 levels and either side breakout would suggest further directions.
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