Commodity Intraday Technical Outlook 05 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
Weak bias may continue while prices stay below $56.
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
Outlook remain weak while prices stay below Rs 4950.
Natural Gas May
If the support of Rs 295 remain hold downside, there are chances of recovery rallies.
Copper May
Likely for mild recovery upticks while prices stay above Rs 830.
Nickel May
Prices remain choppy with nil volume.
ZincM May
Inability to break Rs 248 there are chances of corrective selloffs.
LeadM May
If prices stay above Rs 176 there are potential upside
AluminiumM May
Choppy trading is on the cards. A direct drop below Rs 230 may liquidate prices further.
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