Commodity Intraday Technical Outlook 15 July 2022 - Geojit Financial Services
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Gold LBMA Spot
Mild negative bias remains on cards. Recovery upticks are expected only a consistent trades above $1760. Anyhow major support is placed at $1660.
Silver LBMA Spot
Inability to move past $19.50 selling pressure to extend the day as well. Upside turnaround point is placed at $22.50.
Crude Oil NYMEX
Choppy with negative bias trading expected the day. Meanwhile, consistent trades above $105 would trigger fresh rallies.
Gold KG Aug
Weak bias to continue while prices stay below Rs 51000. Anyhow stiff support is placed at Rs 49400.
Silver KG Sep
As long as prices stay below Rs 55800 it will liquidate further. Else, chances of recovery upticks are on cards.
Crude Oil Jul
Upticks seen only a break above Rs 7800. 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 negative bias trading expected the day. Break above Rs 640 is an early sign of recovery upticks.
Nickel Jul
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jul
While prices stay below Rs 284 it may continue weak bias. A direct turn above the same is a recovery sign.
Lead Jul
If unable to move past Rs 176 liquidation pressure to continue the day. A direct rise above the same is a sign of upside recovery.
Aluminium Jul
A direct dip below Rs 200 prices would liquidate further. Else, recovery upticks may be seen for the day.
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