Commodity Intraday Technical Outlook 13 July 2022 - Geojit Financial Services
Gold LBMA Spot
Weak bias to continue 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
As long as prices stay below $96 there are more chances of selling pressure for the day. Upside turnaround is expected only a break above $105.
Gold KG Aug
A direct drop below Rs 50200 would trigger major liquidation pressure. Else, choppy trading session is on cards for the day.
Silver KG Sep
Inability to move past Rs 58500 weak bias to continue the day. Consistent trades above Rs 62000 is a sign of reversal.
Crude Oil Jul
Upticks seen only a break above Rs 8200. Else, corrective selling pressure will continue the day.
Natural Gas Jul
Choppy trading inside Rs 530-420 remains on the cards. Breaking any of the sides would suggest fresh directional moves.
Copper Jul
Weak bias to continue further. 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
Inability to move past Rs 270 there are chances of recovery upticks. Else, it may continue weakness for the day.
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
Major support is seen at Rs 205. Inability to break the same there are chance of a turnaround. A direct fall below Rs 202 would trigger further liquidation.
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