Commodity Intraday Technical Outlook 31 January 2025 - Geojit Financial Services Ltd
Intraday Technical Outlook
Gold LBMA Spot
Outlook remain bullish and if it break above $2800 would extend rallies for the day.
Silver LBMA Spot
As long as prices placed above $31 there are chances of recovery rallies.
Crude Oil NYMEX
Corrective selloffs expected as long as prices are unable to break above $76.
Gold KG Feb
Expect the bullish outlook to continue while prices stay above Rs 80500.
Silver KG Mar
Intraday momentum mostly choppy with mild positive.
Crude Oil Feb
A direct dip below Rs 6250 would liquidate prices further. Else, mild recovery rallies expected.
Natural Gas Feb
If Rs 265 remains hold expect recovery rallies for the day.
Copper Feb
As long as Rs 820 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
Further rallies expected only above Rs 254. inability to it may see corrective selloffs for the day.
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