Commodity Intraday Technical Outlook 16 April 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA
Spot Bullish rallies would continue while prices stay above $3150.
Silver LBMA Spot
Pullback likely to continue. A direct fall below $28 is a sign of liquidation.
Crude Oil NYMEX
Prices most likely choppy inside $64-58 levels and either side breakout would suggest fresh directions.
Gold KG Jun
Expect to extend rallies initially. Immediate and stiff support is placed at Rs 92000.
Silver KG May
A direct break of Rs 95500 would extend rallies. Else, corrective selloffs is on the cards.
Crude Oil Apr
Initial momentum mostly choppy. Break above Rs 5400 likely to extend pullback rallies.
Natural Gas Apr
While below Rs 290 intraday momentum mostly on the weaker side.
Copper Apr
Prices remain choppy inside Rs 845-832 levels and any side breakout would extend the momentum.
Nickel Apr
Prices remain choppy with nil volume.
ZincM Apr
Choppy with mild negative bias expected as long as prices stay below Rs 254.
LeadM Apr
If prices stay above Rs 178 there are potential upside.
AluminiumM Apr
Inability to move past Rs 230 there are potential recovery rallies.
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