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07-05-2023 09:30 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 05 July 2023 - Geojit Financial Services
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Gold LBMA Spot

Consistent trades above $1940 is needed to extend recovery upticks. Else, choppy with mild negative bias trading expected the day.

Silver LBMA Spot

Inability to move past $23 would correct prices further lower. Otherwise choppy trading is on the cards.

Crude Oil NYMEX

A direct rise above $72 is a sign of extension of upticks. Inability to do so may see corrective selling pressure.

Gold KG Aug

As long as the support of Rs 57500 hold downside, expect recovery momentum. A direct dip below the same would trigger major liquidation pressure.

Silver KG Sep

Prices needs to break above Rs 71000 to trigger recovery upticks. Else, it may continue weak trades for the day.

Crude Oil Jul

Range bound trading inside Rs 5900-5500 levels expect initially and breaking any of the sides would suggest fresh directional moves.

Natural Gas Jul

As long as the support of Rs 220 remain undisturbed, expect recovery rallies. Anyhow stiff resistance is placed at Rs 230.

Copper Jul

While prices stay above Rs 715 would extend rallies. Unexpected drop below Rs 700 is a sign of major liquidation.

Nickel Jul

 Expect choppy with thin volume trading in the near future.

Zinc Jul

Consistent trades above Rs 215 would extend rallies. Else, choppy trading is likely for the day.

Lead Jul

Inability to break the support of Rs 180 there are chances of recovery upticks.

Aluminium Jul

Further selloffs are seen only a break of Rs 194. Else, recovery momentum is on the cards for the day.

 

 

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