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2026-01-16 11:21:52 am | Source: Geojit Investments ltd
Commodity Intraday Technical Outlook 16th January 2026 - Geojit Investments Ltd
Commodity Intraday Technical Outlook 16th January 2026 - Geojit Investments Ltd

Intraday Technical Outlook

Gold LBMA Spot

Outlook remains on the bullish side. Immediate reversal point is placed at $3900.

 

Silver LBMA Spot

While prices stay above $80 would extend bullish rallies

 

Crude Oil NYMEX

As long as prices stay above $60 likely to extend rallies. Stiff downside turnaround point is at $55

 

Gold KG Feb

Choppy trades expected initially. Anyhow stiff support is seen at Rs 130000.

 

Silver KG Mar

Bullish rallies would continue initially. Major support is seen at Rs 190000.

 

Crude Oil Jan

Further rallies expected only above Rs 5550. Inability to cross the same may see corrective selloffs.

 

Natural Gas Jan

Choppy with recovery rallies expected. Major support is seen at Rs 290.

 

Copper Jan

Bullish momentum may continue while the support of Rs 1220 hold downside.

 

Nickel Jan

Support is placed at Rs 1300, which if cleared would extend weakness.

 

ZincM Jan

Upticks likely to continue as long as prices stay above the support of Rs 300.

 

LeadM Jan

Expect choppy trading but major support is placed at Rs 185.

 

Alumini Jan

Outlook remain on the bullish and expect to continue the rallies. Stiff support is seen at Rs 294.

 

 

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