IGI Logo

Gold LBMA Spot

Intraday trend remains weak while prices stay below the support of $1760. Recovery rallies are seen only a break above $1815.

Silver LBMA Spot

While prices stay below $20.50 bearish outlook to continue the day. Upside turnaround point is placed at $22.50.

Crude Oil NYMEX

If unable to stay above $108 there are chances to continue the weak outlook. Anyhow it needs to break $95 to trigger major liquidation pressure.

Gold KG Aug

Choppy with mild negative bias expected initially. It required to break above Rs 51200 for recovery upticks. Consistent trades below Rs 50200 is a sign of major liquidation.

Silver KG Sep

Broad sentiment remains on the weaker side. Consistent trades above Rs 62000 is a sign of reversal.

Crude Oil Jul

Recovery moves expected only a break above Rs 8300. Else, it may continue weak bias for the day.

Natural Gas Jul

Expect pullback rallies as long as the support or Rs 480 hold the downside. Direct break below Rs 430 would continue further selloffs.

Copper Jul

Range bound trading with mild negative bias remains on the cards. Break above Rs 720 would continue rallies.

Nickel Jul

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Jul

Expect a range bound trading inside Rs 284-265 levels and breaking either the sides would suggest fresh directional moves.

Lead Jul

While prices stay below the stiff support of Rs 178 corrective selloffs may continue the day. Major resistance is seen at Rs 186.

Aluminium Jul

Choppy trading expected initially. However consistent trades above Rs 220 would trigger further rallies.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer