Commodity Intraday Technical Outlook 15 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
Initial bias mostly choppy but a break of $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
Range bound with mild positive bias expected but direct rise above Rs 73000 would lift prices further higher.
Silver KG Jul
Consistent trades above Rs 84500 may see extension of rallies.
Crude Oil May
Choppy trades inside Rs 6700-6450 levels remains on cards 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
Outlook continue to be on the positive side 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
If unable to break the support of Rs 238 there are potential upside for the day.
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