24-05-2024 09:28 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 24 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Broad outlook remain positive but expect choppy with corrective selloffs today.

Silver LBMA Spot

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

Crude Oil NYMEX

Consistent trades below $77 would extend selling pressure. Else, recovery upticks are on the cards.

Gold KG Jun

Corrective selloffs likely to extend initially. Immediate upside turnaround point is at Rs 73000.

Silver KG Jul

A direct drop below Rs 90000 likely to see extension of weakness. If not, recovery upticks expected.

Crude Oil Jun

Selling pressure might continue as long as prices stay below Rs 6400.

Natural Gas May

Recovery upticks expected only above Rs 230. Else, may see weakness for the day.

Copper May

Choppy with mild recovery rallies are on the cards. 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

Stiff support is seen at Rs 236 which needs to be cleared for extend weakness. If not, recovery rallies expected the day.

 

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