Commodity Intraday Technical Outlook 14 July 2022 - Geojit Financial Services
Gold LBMA Spot
Recovery upticks are expected only a consistent trades above $1760. Else, weak bias to continue the day.
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
Immediate support of $93 needs to be cleared for continuation of liquidation pressure. Else, weak bias remains intact.
Gold KG Aug
Choppy with mild negative bias expected initially but it required breaking Rs 51200 to continue the momentum. Consistent trades below Rs 50200 is a sign of major liquidation.
Silver KG Sep
A direct drop below Rs 55800 prices will liquidate further. Else, chances of recovery upticks are on cards.
Crude Oil Jul
Upticks seen only a break above Rs 8200. Else, corrective selling pressure will continue the day.
Natural Gas Jul
A direct break above Rs 535 would continue recovery upticks. Inability to do so may see corrective selling pressure.
Copper Jul
Choppy with mild negative bias trading expected. 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
While prices stay below Rs 296 it may continue weak bias. A direct turn above the same is a recovery sign.
Lead Jul
Consistent trades above Rs 178 would trigger rallies. If unable to do so may see corrective selloffs.
Aluminium Jul
Stiff support is placed at Rs 205. If it remains holds expect recovery upticks. Else, weakness may continue the day.
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