IGI Logo

Gold LBMA Spot

While prices stay above $1940 expect buying momentum to continue the day. Immediate downside reversal point is placed at Rs 1900.

Silver LBMA Spot

Expect to continue the mild positive bias initially. Break below $23 is a weak signal.

Crude Oil NYMEX

Intraday momentum remains on the positive side as long as prices stay above $75. A direct dip below $73 likely to liquidate prices.

Gold KG Aug

Intraday momentum likely to be on the positive side while prices stay above Rs 59000. Immediate reversal point is placed at Rs 58000

Silver KG Sep

While above Rs 73000 expect to extend buying momentum. A direct dip below Rs 68000 is a sign of major downside reversal.

Crude Oil Jul

Consistent trades above Rs 6000 would see extension of buying pressure. A direct drop below Rs 5650 is a sign of downside reversal.

Natural Gas Jul

A mild upticks are likely initially but if prices break the support of Rs 215 may see weakness later.

Copper Jul

Expect a choppy with mild positive bias. However, a direct fall below Rs 718 is a sign of weakness.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

Prices remains choppy inside Rs 217-214 levels and breaking either sides would suggest fresh directional moves.

Lead Jul

Upticks likely to continue as long as the support of Rs 181 remain undisturbed. Break below Rs 180 would see liquidation pressure.

Aluminium Jul

Buying momentum may continue as long as the support of Rs 196 remain undisturbed. A direct dip below the same would liquidate prices further.

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