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06-09-2023 10:40 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 09 June 2023 - Geojit Financial Services
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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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