Commodity Intraday Technical Outlook 12th May 2026 - Geojit Investments Ltd
Gold LBMA Spot
Broad outlook remains choppy and expect to trade inside $4900-4200 levels in the near future.
Silver LBMA Spot
Choppy trading expected initially. Consistent trades below $70 would further liquidate prices.
Crude Oil NYMEX
Intraday momentum mostly choppy with mild positive. Anyhow, stiff support is placed at $88.
Gold KG Apr
Inability to move past Rs 155000 expect choppy with mild negative sentiments.
Silver KG May
As long as prices stay above Rs 260000 intraday momentum mostly mild positive bias.
Crude Oil May
Stiff support is seen at Rs 8500 which if cleared would weaken the sentiments. Else, upticks expected.
Natural Gas May
Recovery rallies expected the day. Stiff downside support is seen at Rs 252
Copper May
While prices stay above Rs 1300 it may continue rallies. Stiff support is placed at Rs 1292
Nickel May
Support is placed at Rs 1720, which if cleared would extend weakness.
ZincM May
Further rallies seen only above Rs 350. Else, prices remain choppy.
LeadM May
Expect choppy trading but major support is placed at Rs 188.
Alumini May
Choppy with mild positive bias expected. Stiff support is seen at Rs 360.
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