Commodity Intraday Technical Outlook 06 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 $23.50 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.
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