Commodity Intraday Technical Outlook 27 May 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Prices remain consolidate near $2320 levels initially and break of which would trigger further selloffs.
Silver LBMA Spot
If unable to break the support of $30 mild recovery upticks can expect for the day.
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 72400.
Silver KG Jul
Stiff support is at Rs 90000 which if hold would see recovery upticks.
Crude Oil Jun
Further liquidation pressure is seen only Rs 6400. Else recovery rallies expected in the counter.
Natural Gas May
While prices stay below Rs 225 weak bias may continue the day.
Copper Jun
Choppy with mild recovery rallies are on the cards.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Stiff support is at Rs 268. Break of which may see further selloffs else recovery rallies on cards.
Lead Jun
While prices stay below Rs 192 weak bias would extend the day.
Aluminium Jun
Inability to move past Rs 236 recovery rallies expected the day.
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