Commodity Intraday Technical Outlook 08 June 2023 - Geojit Financial Services
Gold LBMA Spot
If $1920 remains holds, there are chances of a recovery upticks. A direct drop of which would continue liquidation pressure.
Silver LBMA Spot
Consistent trades above $24.20 would lift prices higher. Else, choppy with corrective selling pressure is on the cards.
Crude Oil NYMEX
Break above $75 would trigger another round of bullish rallies. Otherwise, expect a choppy trading for the day.
Gold KG Jun
Prices remains congested inside Rs 59000-60500 levels and breaking any of the sides would suggest fresh directional moves.
Silver KG Jul
Consistent trades above Rs 73000 is required to take prices higher. Else, copy with negative bias expected the day.
Crude Oil Jun
Prices remain bound trade inside Rs 6100-5600 levels initially and any of the sides breakout would trigger fresh short term direction.
Natural Gas Jun
Upticks likely to continue while the support of Rs 180 remains undisturbed. A direct drop below Rs 176 is a sign of liquidation pressure.
Copper Jun
Expect a choppy trading initially. A direct break above Rs 725 would take prices further highs.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Inability to move past Rs 210 there are chances of selling pressure to continue the day.
Lead Jun
If Rs 181 remains holds downside expect recovery upticks. A direct drop below would trigger major liquidation pressure.
Aluminium Jun
A direct break below Rs 204 would continue selling pressure. Else, recovery upticks are on the cards for the day.
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