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09-05-2024 10:56 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Prices remain choppy initially. Anyhow consistent trades below $2320 would correct prices further.

Silver LBMA Spot

Inability to move past $ 27.50 there are potential selling pressure for the day.

Crude Oil NYMEX

Recovery upticks likely to see initially. Anyhow major rallies are seen only above $84.

Gold KG Jun

It required to break above Rs 72000 to trigger rallies. Else, mild correction is on the cards.

Silver KG Jul

Expect a choppy trade inside Rs 83500-81000 initially and either sides breakout would suggest fresh directions.

Crude Oil May

Inability to move past Rs 7000, intraday bias mostly choppy for the day.

Natural Gas May

Recovery rallies are seen only above Rs 185. If not, choppy trades are likely for the day.

Copper May

Choppy trading expected initially but there are still potential upticks later.

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

Consistent trades above Rs 250 would extend rallies. Else, weakness is expected the day.

Lead May

Consistent trades above Rs 190 would extend rallies.

Aluminium May

While prices stay below Rs 234 intraday bias mostly on the weaker side.

 

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