Commodity Intraday Technical Outlook 29 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Upticks expected initially. Break above $2800 would trigger fresh short covering 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
Intraday momentum mostly on the positive side fore 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
Mild weakness may be seen as long as prices stay below Rs 275.
Copper Feb
If the support of Rs 824 remain undisturbed expect mild recovery upticks for the day.
Nickel Feb
Prices remain choppy with nil volume.
ZincM Feb
While below Rs 268 expect to continue the weak momentum.
LeadM Feb
While prices stay below Rs 178 intraday sentient mostly downbeat.
AluminiumM Feb
Stiff support is placed at Rs 245 which if remain undisturbed, expect recovery rallies.
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