Commodity Intraday Technical Outlook 09 June 2023 - Geojit Financial Services
Gold LBMA Spot
Expect a tight range trade inside $1920-1990 levels initially and breaking any of the sides would suggest directional moves for the day.
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
Prices remain congested inside $74-67 levels and breaking any of the sides suggest fresh direction.
Gold KG Jun
Choppy trade inside Rs 59000-60500 levels can be seen initially and breaking any of the sides would suggest fresh directional moves..
Silver KG Jul
While above Rs 73000 it may take prices further higher. Else, copy with negative bias expected the day..
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
Consistent trades above Rs 195 is needed to trigger further rallies. Else, choppy trading expected the day.
Copper Jun
Break above Rs 725 would take prices further highs. Inability to move past the same could see selling pressure.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Buying momentum may extend as long as prices stay above Rs 212. A direct dip below Rs 208 is a weak signal.
Lead Jun
If Rs 181 remains holds downside expect recovery upticks. A direct drop below would trigger major liquidation pressure.
Aluminium Jun
Mild pullback is likely initially. However, break below Rs 204 would extend weakness.
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