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2025-05-05 10:21:14 am | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 05 May 2025 - Geojit Financial Services Ltd
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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