Commodity Intraday Technical Outlook 13 June 2023 - Geojit Financial Services
Gold LBMA Spot
If unable to break above $1990 expect choppy with weak bias to continue the day.
Silver LBMA Spot
Break above $24.50 would lift prices higher. Else, choppy with corrective selling pressure is on the cards.
Crude Oil NYMEX
A direct break below $66 would extend liquidation pressure. Else, mild recovery upticks are on the cards for the day.
Gold KG Jun
Stiff support is placed at Rs 59200 which if broken would continue liquidation pressure. Else, mild recovery is possible the day.
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
While prices stay below the support of Rs 5600 weak bias to extend the day. Else, mild recovery upticks are on the cards.
Natural Gas Jun
Choppy with mild negative bias expected if prices are unable to move past Rs 188.
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
If unable to trade above Rs 216 weak bias expected the day. A direct rise above could negate the weak outlook.
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
Consistent trades below Rs 204 would extend weakness. Else, recovery upticks are on the cards for the day.
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