01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 14 June 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Congested trade inside $1990-1930 would continue initially and breaking any of the sides would trigger fresh directional moves.

Silver LBMA Spot

Recovery upticks expect initially. However, break above $24.50 is needed to extend the momentum

Crude Oil NYMEX

If unable to move past $66 a turn around in prices expected. However a direct break of which extend liquidation pressure.

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

Further selloffs are seen only a break of Rs 5600. Else, recovery upticks anticipated the day.

Natural Gas Jun

As long as the support of $188 remain undisturbed, expect mild recovery up moves. A direct drop of which would call for liquidation pressure.

Copper Jun

Stiff resistance of Rs 731 needs to be cleared for extending rallies. Inability to do so may call for liquidation 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

It is required to trade constantly above Rs 205 to extend rallies. Else, choppy with negative bias remains on the cards for the day.

 

 

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