Commodity Intraday Technical Outlook 23 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
While above $2700 it would extend rallies. Else, corrective downside expected.
Silver LBMA Spot
Outlook remain choppy with mild negative. Anyway stiff resistance is placed at $31.50.
Crude Oil NYMEX
Outlook remain choppy initially. Further rallies expected only above $80.
Gold KG Feb
Expect choppy with mild negative bias for the day
Silver KG Mar
Sustained trades above Rs 93200 is required to extend rallies. If not, may see weakness for the day.
Crude Oil Feb
Inability to move past Rs 6600 there are chances of corrective selling pressure.
Natural Gas Jan
Intraday outlook mostly positive while prices stay above Rs 330.
Copper Jan
As long as Rs 830 hold downside, there are chances of recovery rallies.
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
It is required to move past Rs 256 to extend rallies. If not may see corrective selloffs for the day.
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