Commodity Intraday Technical Outlook 01 July 2022 - Geojit Financial Services
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Gold LBMA Spot
Weakness may continue while prices stay below $1820. Further rallies are seen only a close above $1850.
Silver LBMA Spot
As prices stays below the support of $20.50 expect weak bias to continue the day
Crude Oil NYMEX
If prices stays above $107 it may extend pullback rallies. A direct drop below $106 is a sign of weakness.
Gold KG Aug
Consistent trades below Rs 50200 would trigger another round of liquidation pressure. Else, there are chances of recovery upticks.
Silver KG Sep
Broad sentiment remains on the weaker side. Consistent trades above Rs 62000 is a sign of reversal.
Crude Oil Jul
Consistent trades above Rs 8800 would extend rallies. Else, there are chances of corrective selling pressure for the day.
Natural Gas Jul
While prices stay below Rs 488 would extend weakness. Else, slight recovery may be seen.
Copper Jul
While prices stay below Rs 720 would continue selloffs. Else, recovery upticks are on cards.
Nickel Jul
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jul
Inability to move past Rs 296 weakness to continue the day. A close above Rs 303 is a turnaround point.
Lead Jul
It required to break the support of Rs 177 to trigger further selloffs. Else, slight recovery upticks is on cards.
Aluminium Jul
Inability to move past Rs 213 expect weak bias to continue the day. However, consistent trades above Rs 220 is a sign of recovery.
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