07-06-2023 09:12 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 July 2023 - 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

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

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 $23.50 would correct prices further lower. Otherwise choppy trading is on the cards.

Crude Oil NYMEX

Consistent trades above $72 is a sign of extension of upticks. Inability to do so may see corrective selling pressure.

Gold KG Aug

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

Silver KG Sep

Break above Rs 71000 would trigger recovery upticks. Else, it may continue weak trades for the day.

Crude Oil Jul

As prices cleared the resistance of Rs 5900 likely to extend rallies. A direct drop below Rs 5650 is a sign of weakness.

Natural Gas Jul

Inability to move past Rs 230 choppy with mild negative bias is on the cards.

Copper Jul

Expect a choppy trade inside Rs 710-722 levels initially and breaking any of the sides would suggest fresh directional moves.

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

Choppy with mild negative bias is on the cards. However, a direct rise above Rs 197 would trigger fresh rallies.

 

 

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