06-12-2023 10:58 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 12 June 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Prices remain congested inside the tight range trade inside $1920-1990 levels and any of the sides breakout would suggest new directions.

Silver LBMA Spot

Break above $24.50 would lift prices higher. Else, choppy with corrective selling pressure is on the cards.

Crude Oil NYMEX

If unable to move past $72 corrective selling pressure is on the cards. A direct rise above $75 would take prices higher.

Gold KG Jun

Initial trades are congested inside Rs 59000-60500 levels. Breaking any of the sides would suggest fresh directional moves.

Silver KG Jul

Inability to move past Rs 74000 there are chances of corrective selling pressure. Consistent trades above the same would lift prices higher.

Crude Oil Jun

A direct dip below Rs 5600 would trigger sharp liquidation. Else, choppy trading expected the day.

Natural Gas Jun

Consistent trades above Rs 195 is needed to trigger further rallies. Else, choppy trading expected the day

Copper Jun

As long as prices stay above Rs 725 would take prices further highs. If unable to do so may see selling pressure.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

Consistent trades above Rs 216 would lift prices further higher. Else, corrective selling pressure is on the cards.

Lead Jun

Prices most likely trade inside Rs 181-183.50 levels and breaking any of the sides would suggest fresh directional moves.

Aluminium Jun

A direct break below Rs 204 would extend weakness. Else, recovery upticks are on the cards for the day.

 

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