Commodity Intraday Technical Outlook 10 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
A direct break above $23.50 would extend recovery upticks. Else, choppy trading is on the cards.
Crude Oil NYMEX
As long as prices stay above $72 it may continue with positive outlook. A direct drop below $67 is a sign of weakness.
Gold KG Aug
Further selloffs are seen only a break of Rs 58000. if unable to break the same would call for recovery upticks.
Silver KG Sep While prices stay above Rs 71000 mild positive outlook is on the cards. Further liquidation is seen only below Rs 68000.
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
If the support of Rs 210 hold downside, expect recovery upticks. Unexpected drop of the same would trigger liquidation pressure.
Copper Jul
While prices stay above Rs 720 mild unticks expected the day. A direct fall below Rs 705 is a sign of weakness.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
Consistent trades above Rs 216 would extend rallies. Else, choppy trading is likely for the day.
Lead Jul
As long as the support of Rs 180 remains undisturbed expect mild recovery upticks. A direct drop of which would extend bearish outlook.
Aluminium Jul
Stiff support is placed at Rs 194. If unable to move past the same would trigger recovery upticks.
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