Commodity Intraday Technical Outlook 05 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
While above $31 intraday momently mostly upbeat.
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
A direct rise above Rs 95500 would extend rallies.
Crude Oil Feb
Inability to move past Rs 6250 there are chances of recovery rallies. Else, weakness would continue.
Natural Gas Feb
A direct drop below Rs 275 expect weak bias. Else, likely for rallies.
Copper Feb
As long as Rs 828 hold downside, intraday momentum mostly upbeat.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
Choppy trades expected initially. Break above Rs 269 expect to continue rallies.
LeadM Feb
While prices stay below Rs 190 sentient mostly downbeat.
AluminiumM Feb
Break above Rs 254 would see extension of rallies. Else, mild selling pressure is likely for the day.
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