Commodity Intraday Technical Outlook 29 April 2025 - Geojit Financial Services Ltd

Intraday Technical Outlook
Gold LBMA Spot
Bullish rallies would continue. Immediate downside reversal point is placed at $3150.
Silver LBMA Spot
It is required to break above $33 to trigger fresh rallies. Else, choppy trading expected the day.
Crude Oil NYMEX
Inability to move past $61.50 there are chances of recovery rallies.
Gold KG Jun
Recovery rallies may continue with choppy trading. Immediate and stiff support is placed at Rs 92000.
Silver KG May
A direct break of Rs 97000 would extend rallies. Else, corrective selloffs is on the cards.
Crude Oil May
Choppy with mild recovery rallies expected the day
Natural Gas May
If Rs 245 remain holds expect recovery rallies for the day.
Copper May
Break below Rs 850 would trigger another round of selling pressure. Else, recovery rallies expected.
Nickel May
Prices remain choppy with nil volume.
ZincM May
If Rs 249 remain hold, there are chances of mild recovery rallies for the day.
LeadM May
If prices stay above Rs 176 there are potential upside.
AluminiumM May
Consistent trades above Rs 235 likely to extend rallies. If not may see corrective selloffs.
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