Commodity Intraday Technical Outlook 12 June 2023 - Geojit Financial Services
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.
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
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Crude Oil Report : Buy CRUDEOIL - Jul @ 6805, add up to 6770, for the Targets of 7325-7675, ...