Commodity Intraday Technical Outlook 14 May 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Intraday trend mostly on the positive side as long as it stays above $2330.
Silver LBMA Spot
Break above $29 would extend bullish rallies for the day.
Crude Oil NYMEX
Choppy trades ahead possibly inside $80-77 levels. Break of any of the sides would suggest directional moves.
Gold KG Jun
Break above Rs 73000 would extend rallies. Else, choppy trades are on the cards.
Silver KG Jul
Consistent trades above Rs 84500 may see extension of rallies.
Crude Oil May
Prices remain choppy inside Rs 6700-6450 levels and either side breakout would suggest fresh directions.
Natural Gas May
While above the support of Rs 180, expect to continue the recovery rallies.
Copper May
Broad outlook remain positive as long as prices stay above Rs 870.
Nickel May
Expect choppy with thin volume trading in the near future.
Zinc May
Positive outlook would continue 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
Prices most likely choppy inside Rs 238-234 levels and either side breakout would suggest fresh directions.
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