Commodity Intraday Technical Outlook 22 May 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Gap up opening expected and may continue the rallies. 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
Stiff support placed at $61. Break of which will extend selling pressure.
Gold KG Jun
Break above Rs 95600 may see extension of rallies. Else, prices remain choppy.
Silver KG May
Consistent trades above Rs 98000 may extend rallies.
Crude Oil Jun
Prices mostly choppy initially. Anyhow, Rs 5260 may act as a stiff support.
Natural Gas May
While below Rs 295 prices remain choppy
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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