Commodity Intraday Technical Outlook 12 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
While prices stay above $60 it may extend rallies. Further selloffs expected only if prices stay below $56.
Gold KG Jun
Expect a mild correction initially but broad sentiments remain positive.
Silver KG May
Initial upticks are likely but a direct break of Rs 99000 would see major rallies.
Crude Oil May
Recovery rallies would continue the day. Further selloffs are seen if prices breaks Rs 4950.
Natural Gas May
Consistent trades above Rs 325 would lift prices further higher. Else, choppy trading expected.
Copper May
Inability to break above Rs 860 would see corrective selloffs. Else, recovery rallies expected.
Nickel May
Prices remain choppy with nil volume.
ZincM May
As long as Rs 248 remain undisturbed expect recovery rallies for the day.
LeadM May
Prices most likely congested inside Rs 174-178 levels.
AluminiumM May
Expect a congested trade inside Rs 228-236 levels and breaking any of the sides would suggest fresh short term directions.
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