13-05-2024 10:53 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 13 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Broad outlook remain bullish but intraday bias expect a choppy trading.

Silver LBMA Spot

Break above $29 would extend bullish rallies for the day. Else, mild correction expected the day.

Crude Oil NYMEX

If unable to sustain above $80 there are chances of selling pressure to continue the day.

Gold KG Jun

Extension of rallies are expected only above Rs 73000. If not weak bias may see the day.

Silver KG Jul

Stiff resistance is placed at Rs 84500. If unable to break it may see corrective selloffs for the day.

Crude Oil May

Expect choppy trades inside Rs 6700-6450 levels and breaking any of the sides would suggest fresh directions.

Natural Gas May

If the support of Rs 180 holds, expect mild recovery upticks for the day.

Copper May

Broad outlook remain positive as long as prices stay above Rs 860.

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

Choppy with mild positive bias expected as long as prices stay above Rs 258.

Lead May

Break above Rs 195 would extend buying pressure. Else, weakness is likely for the day.

Aluminium May

Consistent trades below Rs 230 would extend weakness for the day.

 

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