Commodity Intraday Technical Outlook 16 May 2025 - Geojit Financial Services Ltd
Gold LBMA Spot
While below $3200 expect corrective selloffs may continue initially. Anyhow, broad outlook remain bullish.
Silver LBMA Spot
Choppy trading expected initially. It is required to break above $33 to trigger fresh rallies.
Crude Oil NYMEX
Inability to move past $62.50 intraday outlook remain the weaker side.
Gold KG Jun
Consistent trades above Rs 93500 may see extension of rallies. Else, prices remain choppy
Silver KG May
While below Rs 95000 would see choppy with liquidation pressure. Else, recovery rallies expected.
Crude Oil May
Weak bias may continue the day. Stiff resistance is placed at Rs 5450.
Natural Gas May
A direct break below Rs 298 may extend selloffs. Else, recovery rallies expected the day.
Copper May
As long as Rs 860 hold downside, expect rallies to continue. Else, choppy with selloffs expected.
Nickel May
Prices remain choppy with nil volume.
ZincM May
As long as Rs 248 remain undisturbed expect recovery rallies for the day.
LeadM May
Prices most likely congested inside Rs 174-178 levels.
AluminiumM May
If unable to break the support of Rs 240 there are chances of recovery rallies.
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