Powered by: Motilal Oswal
07-01-2022 11:12 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 01 July 2022 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer