Commodity Intraday Technical Outlook 21 May 2025 - Geojit Financial Services Ltd
Gold LBMA Spot
Choppy trading may be seen initially. Anyhow, broad outlook remain bullish.
Silver LBMA Spot
A direct break above $33.50 is required to extend rallies. Else, choppy trading expected.
Crude Oil NYMEX
Consistent trades above $64 likely to extend recovery rallies. If not, may see corrective selloffs.
Gold KG Jun
Consistent trades above Rs 93500 may see extension of rallies. Else, prices remain choppy
Silver KG May
Stiff resistance is placed at Rs 98000 which needs to be cleared for further rallies.
Crude Oil May
Break above Rs 5360 may see extension of rallies. Else, choppy trading is on the cards.
Natural Gas May
While below Rs 295 may extend selloffs. Else, recovery rallies expected the day.
Copper May
Break above Rs 865 may see prices to move further higher. Else, choppy trading is expected.
Nickel May
Prices remain choppy with nil volume.
ZincM May
As long as Rs 256 remain undisturbed expect recovery rallies for the day
LeadM May
Prices most likely congested inside Rs 178-181 levels
AluminiumM May
As long as Rs 235 hold downside there are chances of continuation of recovery upticks.
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