Commodity Intraday Technical Outlook 10 May 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect recovery upticks initially. Stiff support is placed at $2280.
Silver LBMA Spot
As long as prices stay above $ 27.50 it may continue upticks. Stiff downside point is seen at $26.
Crude Oil NYMEX
Intraday momentum mostly on the positive side. Selloffs seen only below $77.
Gold KG Jun
It required to break above Rs 72000 to trigger rallies. Else, copy trades are on the cards.
Silver KG Jul
While prices stay above Rs 83500 bullish outlook would continue the day.
Crude Oil May
Inability to move past Rs 7000, intraday bias mostly choppy for the day.
Natural Gas May
Recovery rallies would extend as long as prices stay above Rs 185.
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
While prices stay above Rs 250 outlook remain positive. Break of which is a sign of reversal.
Lead May
Consistent trades above Rs 190 would extend rallies.
Aluminium May
As long as the support of Rs 232 hold downside, intraday bias mostly on the positive side.
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