14-05-2024 10:58 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 14 May 2024 - Geojit Financial Services Ltd

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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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