Commodity Intraday Technical Outlook 28 May 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect a choppy trading initially and if it clears $2320 would drag prices lower.
Silver LBMA Spot
Further rallies ae seen only above $32.50. If not, may see a choppy trading session.
Crude Oil NYMEX
A direct break above $78 may extend recovery upticks. Else, corrective selloffs likely.
Gold KG Jun
Immediate upside turnaround point is at Rs 72400. Inability to break it would see selling pressure.
Silver KG Jul
Break above Rs 95500 would extend bullish rallies. Lese, choppy session is ahead today.
Crude Oil Jun
Recovery pullback expected as long as Rs 6400 hold downside.
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
Break above Rs 275 would extend rallies. Else, weakness is on the cards.
Lead Jun
While prices stay below Rs 193 weak bias would extend the day.
Aluminium Jun
A direct break above Rs 245 would see recovery upticks. Else, choppy trading expected the day.
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