Powered by: Motilal Oswal
2025-01-16 09:01:29 am | Source: Geojit Financial Services Ltd.
Commodity Intraday Technical Outlook 16 January 2025 - Geojit Financial Services Ltd

Intraday Technical Outlook

Gold LBMA Spot

Break above the stiff resistance of $2700 would extend rallies. Else, corrective downside expected.

Silver LBMA Spot

Recovery rallies expected initially but stiff resistance is placed at $31.50.

Crude Oil NYMEX

Outlook remain firm but to extend further rallies there is a stiff resistance is placed at $80.

Gold KG Feb

While prices stay above Rs 78000, there are chances of recovery rallies.

Silver KG Mar

Break above Rs 92500 may extend recovery upticks. Else, choppy trades expected the day.

Crude Oil Jan

Positive outlook mostly continue while prices stay above Rs 6850.

Natural Gas Jan

If unable to move past Rs 350 intraday bias mostly downside.

Copper Jan

Break above Rs 830 would extend rallies. Else, choppy trades expected the day.

Nickel Jan

Prices remain choppy with nil volume.

ZincM Jan

Further rallies seen only above Rs 278. It not, may see choppy trading for the day.

LeadM Jan

While prices stay below Rs 180 intraday sentient mostly downbeat.

AluminiumM Jan

As long as prices stay above Rs 248 it may extend rallies. Else, choppy trades are on the cards.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here