06-06-2023 10:34 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 06 June 2023 - Geojit Financial Services
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Gold LBMA

Spot Inability to move past $1920 there are chances of a recovery upticks. A direct drop of which would continue liquidation pressure.

Silver LBMA Spot

Consistent trades above $24.20 would lift prices higher. Else, choppy with corrective selling pressure is on the cards.

Crude Oil NYMEX

Break above $75 would trigger another round of bullish rallies. Otherwise, expect choppy with weak bias.

Gold KG Jun

As long as Rs 59000 remains hold, expect recovery rallies. Consistent trades below the same is a signa of downside reversal.

Silver KG Jul

While prices stay above Rs 70000 recovery upticks expected. A direct dip of which would extend liquidation pressure

Crude Oil Jun

Prices remain bound trade inside Rs 6100-5600 levels initially and any of the sides breakout would trigger fresh short term direction

Natural Gas Jun

Upticks likely to continue while the support of Rs 180 remains undisturbed. A direct drop below Rs 176 is a sign of liquidation pressure.

Copper Jun

Recovery rallies may extend as long as the support of Rs 708 hold downside. Unexpected dip below it would trigger further weakness in the counter.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

If unable to move past Rs 210 there are chances of selling pressure to continue the day.

Lead Jun

Support of Rs 181 remains holds downside expect recovery upticks. A direct drop below would trigger major liquidation pressure.

Aluminium Jun

Prices remains trade in a range of Rs 210-205.50 levels and any of the sides breakout would set further directional moves.

 

 

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