Commodity Intraday Technical Outlook 14 July 2023 - Geojit Financial Services
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 positive bias initially. Break below $23 is a weak signal.
Crude Oil NYMEX
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
Consistent trades above Rs 59500 is required to trigger another round of bullish rallies. Else, choppy trades expected the day.
Silver KG Sep
Expect buying momentum to continue while prices stay above Rs 72500. A direct dip below Rs 68000 is a sign of major downside reversal.
Crude Oil Jul
There is stiff resistance is placed at Rs 6300 which needs to be cleared for further rallies. Else, choppy trading is on the cards.
Natural Gas Jul
A mild upticks are likely initially but if prices break the support of Rs 215 may see weakness later.
Copper Jul
Rallies expect to continue while prices stay above Rs 725. 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
Expect rallies would continue while prices stay above Rs 217.
Lead Jul
Break above Rs 183 would extend rallies. Else, choppy trading is on the cards.
Aluminium Jul
Expect to extend buying momentum initially. A direct dip below Rs 196 would liquidate prices further.
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