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29-05-2024 09:10 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 29 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Price remain choppy 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

Consistent trades above $80 may extend recovery upticks. Else, corrective selloffs are likely.

Gold KG Jun

Immediate upside turnaround point is at Rs 72400. Inability to break it would see choppy with corrective selling.

Silver KG Jul

Outlook remain bullish but it needs to break Rs 96500 to extend rallies today.

Crude Oil Jun

Recovery pullback would continue as long as Rs 6400 hold downside.

Natural Gas May

Recovery rallies expected the day. Downside reversal point is placed at Rs 205.

Copper Jun

As long as Rs 940 caps upside expect weak bias for the day.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

Consistent trades above Rs 278 would extend rallies. Else, weakness is on the cards.

Lead Jun

Further rallies seen only above Rs 196. Else, weak bias is on the cards.

Aluminium Jun

Buying pressure likely to continue the day initially. Immediate downside reversal point is at Rs 242.

 

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