Commodity Intraday Technical Outlook 28 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Expect choppy trades initially but, break above $2800 would extend rallies.
Silver LBMA Spot
Inability to move past $31 there are chances of corrective selloffs for the day.
Crude Oil NYMEX
Corrective selloffs expected as long as prices are unable to break above $76.
Gold KG Feb
Choppy with corrective selloffs expected the day.
Silver KG Mar
Weak bias may extend while prices stay below Rs 93200.
Crude Oil Feb
A direct dip below Rs 6250 would liquidate prices further. Else, mild recovery rallies expected.
Natural Gas Feb
If Rs 275 remain hold downside, expect mild pullback rallies.
Copper Jan
As long as Rs 830 hold downside, intraday momentum mostly upbeat.
Nickel Jan
Prices remain choppy with nil volume.
ZincM Jan
While below Rs 268 expect to continue the weak momentum.
LeadM Jan
While prices stay below Rs 180 intraday sentient mostly downbeat.
AluminiumM Jan
Stiff support is placed at Rs 250 which if remain undisturbed, expect recovery rallies.
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