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2025-05-06 12:05:26 pm | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 May 2025 - Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 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 with positive bias trading expected. It is required to break above $33 to trigger fresh rallies.

Crude Oil NYMEX

Further selloffs expected only if prices stay below $56. Else, recovery upticks can be seen today.

Gold KG Jun

Rallies would continue while prices stay above Rs 94500. Corrective selloffs expected only below Rs 92000.

Silver KG May

Initial upticks are likely but a direct break of Rs 99000 would see major rallies.

Crude Oil May

Recovery rallies expected. Further selloffs are seen if prices breaks Rs 4950.

Natural Gas May

Choppy with mild corrective selloffs expected.

Copper May

Likely for corrective downside while prices stay below Rs 845.

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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