Commodity Intraday Technical Outlook 30 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Expect choppy trades initially but, break above $2800 would extend 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
Choppy with corrective selloffs expected 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
Intraday outlook mostly on the weaker side as long as prices stay below Rs 278.
Copper Feb
As long as Rs 830 hold downside, intraday momentum mostly upbeat.
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 180 intraday sentient mostly downbeat.
AluminiumM Feb
Stiff support is placed at Rs 250 which if remain undisturbed, expect recovery rallies.
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