Commodity Intraday Technical Outlook 07 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
Further rallies expected only above $32.50. Else, choppy trades are on the cards.
Crude Oil NYMEX
A direct drop below $70 extend weakness. Else, recovery rallies expected.
Gold KG Apr
While above Rs 84000 positive bias may continue the day.
Silver KG Mar
A direct rise above Rs 96000 would extend rallies.
Crude Oil Feb
Break below Rs 6150 may see further liquidation. Else, recovery rallies expected.
Natural Gas Feb
Break above Rs 295 may extend rallies.
Copper Feb
As long as Rs 828 hold downside, intraday momentum mostly upbeat.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
While above Rs 270 upbeat sentiment likely to continue the day.
LeadM Feb
While prices stay below Rs 190 sentient mostly downbeat.
AluminiumM Feb
Intraday resistance is placed at Rs 257 which needs to be cleared for further rallies.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
