Commodity Intraday Technical Outlook 24 February 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Broad sentiment remain bullish and expect to continue the momentum.
Silver LBMA Spot
Consistent trades above $32.50 may extend rallies. Else, corrective selloffs expected.
Crude Oil NYMEX
A direct drop below $70 likely to extend weakness for the day. Else, recovery rallies expected.
Gold KG Apr
While above Rs 85500 intraday momentum mostly on the positive side.
Silver KG Mar
Break above Rs 97500 would extend rallies. Else, choppy trading expected.
Crude Oil Mar
Stiff support is at Rs 6100, which if cleared would liquidate prices further.
Natural Gas Feb
Corrective selloffs may see initially, anyhow broad outlook remain positive.
Copper Feb
Range bound trading inside Rs 850-870 is expected the day.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
A direct rise above Rs 272 may extend rallies. Else, corrective selloffs expected the day.
LeadM Feb
While prices stay below Rs 190 sentient mostly downbeat.
AluminiumM Feb
While prices stay above Rs 258 likely to extend recovery rallies.
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