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2024-01-25 11:12:07 am | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 25 January 2024 - Geojit Financial Services

Gold LBMA Spot:

Break below the stiff support of $1990 would trigger liquidation pressure. Else, recovery rallies are on the cards.

Silver LBMA Spot:

If the support of $22.50 remain hold expect choppy with recovery upticks.

Crude Oil NYMEX:

A direct rise above $76 may extend rallies. Else, mild correction would be seen.

Gold KG Apr:

Break below Rs 61800 expect corrective selling pressure. Else, there are chances of a recovery rally.

Silver KG Feb:

A direct drop below Rs 71000 may see extension of selling pressure. Else, pullback rallies are expected.

Crude Oil Feb:

Prices remain choppy trade inside Rs 6200-5800 levels and breaking any of the sides would call for fresh directions.

Natural Gas Feb:

Likely for an initial recovery pullback as long as the support of Rs 185 remain undisturbed.

Copper Feb:

Recovery upticks may continue while the support of Rs 725 hold downside. A direct drop of which would liquidate prices further.

Nickel Feb:l

Expect choppy with thin volume trading in the near future.

Zinc Feb:

A direct fall below Rs 222 may see further weakness. Else, recovery upticks expected.

Lead Feb:

Sideways trade is most likely inside Rs 184-181 levels for the day. Any of the side breakout would suggest fresh directional moves.

Aluminium Feb:

Likely to extend pullback rallies as long as the support of Rs 198 remain undisturbed.

 

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