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23-05-2024 09:34 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 23 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Broad outlook remain positive but expect a choppy trading for the day.

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

Corrective selloffs expected initially. Break above Rs 74500 would extend rallies.

Silver KG Jul

Break below Rs 92500 would see extension of weakness. If not recovery bias expected the day.

Crude Oil Jun

Corrective selloffs expected as long as Rs 6600 caps upside.

Natural Gas May

While prices stay above Rs 235 may extend rallies. Else, choppy traded ahead.

Copper May

Corrective selloffs may extend while prices stay below Rs 900.

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

A direct drop below Rs 271 may see selling pressure. Else, rallies would continue.

Lead May

While prices stay below Rs 194 intraday bias mostly on the weaker side.

Aluminium May

Inability to move past Rs 245 weak bias likely to continue the day

 

 

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