Commodity Intraday Technical Outlook 06th May 2026 - Geojit Investments Ltd
Gold LBMA Spot
Broad outlook remains choppy and expect to trade inside $4900-4200 levels in the near future.
Silver LBMA Spot
Choppy with mild negative bias expected. Consistent trades below $70 would further liquidate prices.
Crude Oil NYMEX
Intraday momentum mostly choppy with mild positive. Anyhow, stiff support is placed at $88.
Gold KG Apr
Inability to move past Rs 155000 expect choppy with mild negative sentiments.
Silver KG May
Stiff resistance is seen at Rs 260000. Inability to cross the same prices most likely in liquidation mode.
Crude Oil May
Stiff support is seen at Rs 8500 which if cleared would weaken the sentiments. Else, prices continue to gain.
Natural Gas May
Mild recovery rallies expected the day. Stiff downside support is seen at Rs 258.
Copper May
A direct rise above Rs 1280 would trigger another round of fresh rallies. If not, choppy trades ahead.
Nickel May
Support is placed at Rs 1720, which if cleared would extend weakness.
ZincM May
Further rallies seen only above Rs 350. Else, prices remain choppy.
LeadM May
Expect choppy trading but major support is placed at Rs 188.
Alumini May
Break above Rs 377 would trigger another round of fresh rallies. Else, choppy trading expected the day.
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