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22-05-2024 09:33 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 22 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Bullish outlook likely to continue while prices stays above $2330.

Silver LBMA Spot

Outlook remain positive but it required breaking $32.50 to continue rallies.

Crude Oil NYMEX

A direct drop below $77 would extend selling pressure. Else, recovery upticks are on the cards.

Gold KG Jun

Break above Rs 74500 would extend rallies. If not, may see choppy with corrective selling

Silver KG Jul

Stiff resistance is seen at Rs 96000 which needs to be cleared for further rallies. If unable to it may see selling pressure.

Crude Oil May

Corrective selloffs expected as long as Rs 6600 caps upside

Natural Gas May

Consistent trades above Rs 235 may extend rallies. Else, choppy traded ahead.

Copper May

Outlook remain positive and downside reversal is seen only below Rs 920.

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

A direct drop below Rs 274 may see corrective selloffs. Else, rallies would continue.

Lead May

Break above Rs 199 would extend buying pressure. Else, weakness is likely for the day.

Aluminium May

Trades above Rs 250 is needed to extend buying pressure. Else, choppy trades expected the day.

 

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