Commodity Intraday Technical Outlook 29 May 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Choppy with mild corrective selloffs expected the day. Anyhow, broad outlook remain bullish.
Silver LBMA Spot
Resistance above $33.70 is required to extend rallies. Else, choppy trading expected.
Crude Oil NYMEX
If unable to break the support of $60 expect recovery rallies. Else, corrective selloffs expected.
Gold KG Jun
Break above Rs 97000 may see further bullish waves. Else, prices remain choppy.
Silver KG May
Consistent trades above Rs 98000 may extend rallies.
Crude Oil Jun
If the support of Rs 5100 remain hold, expect recovery upticks to continue the day.
Natural Gas May
Stiff support is at Rs 310 which if holds expect recovery rallies. Else, selloffs expected the day.
Copper May
While below Rs 870 likely to extend weakness. Else, the trend mostly choppy.
Nickel May
Prices remain choppy with nil volume
ZincM May
Prices remain congested inside Rs 262-254 levels and either side breakout would suggest fresh directions.
LeadM May
If unable to break the support of Rs 176 there are potential upside for the day.
AluminiumM May
Intraday support is seen at Rs 236 which if holds expect recovery rallies.
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