Commodity Intraday Technical Outlook 08 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 initially. 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. Downside reversal point is seen at 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 trading expected initially. Consistent raise above Rs 312 likely to extend rallies.
Copper May
Inability to break above Rs 852 would see corrective selloffs. Else, recovery rallies expected.
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
As long as prices stay below Rs 230 expect weak bias to continue but stiff support is seen at Rs 228.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
