Commodity Intraday Technical Outlook 20 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Break above the stiff resistance of $2700 it would extend rallies. Else, corrective downside expected.
Silver LBMA Spot
Choppy with mild weakness expected the day. Anyway 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 may continue the day.
Silver KG Mar
A direct rise above Rs 93200 may see extension of rallies. If not, may see weakness for the day.
Crude Oil Jan
Expect a range bound trades inside Rs 6650-6800 levels initially and either side breakout would suggest fresh directions.
Natural Gas Jan
Unexpected drop below Rs 330 likely to extend weakness.
Copper Jan
Break above Rs 840 would extension of 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
While prices stay above Rs 248 momentum remain positive and expect to extend rallies.
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