Commodity Intraday Technical Outlook 16 July 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Choppy trading expected but broad outlook remain bullish.
Silver LBMA Spot
As prices cleared the stiff resistance of $38 it may continue the bullish outlook for the day.
Crude Oil NYMEX
Stiff resistance above Rs 69 which if remain unbreech, expect corrective selling pressure.
Gold KG Aug
Break above Rs 97800 likely to extend rallies. Else, intraday momentum mostly choppy.
Silver KG Sep
Expect recovery rallies as long as Rs 111000 hold downside.
Crude Oil Jul
Break below Rs 5750 may extend weak bias for the day.
Natural Gas Jul
A direct rise above Rs 302 likely to extend rallies.
Copper Jul
As long as Rs 880 hold downside, expect recovery upticks for the day.
Nickel Jul
Prices remain choppy with nil volume.
ZincM Jul
Break below Rs 258 may extend weakness. Else, recovery rallies are on the cards.
LeadM Jul
If unable to break above Rs 183 expect weakness for the day.
AluminiumM Jul
Prices remain choppy inside Rs 251-245 levels. Breaking either side would suggest fresh directional moves.
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