IGI Logo

Gold LBMA Spot

Intraday bias mostly on the downside, it needed to break the stiff support of $1930 for major liquidation pressure..

Silver LBMA Spot

If unable to move past $24.40 expect weak bias to continue the day. Anyhow major support is placed at $22.50.

Crude Oil NYMEX

A direct break of $66 would extend weakness. Else, there are chances of recovery upticks for the day.

Gold KG Jun

While prices stay below Rs 59200 liquidation pressure may extend the day. A direct turn above Rs 60000 is a sign of reversal.

Silver KG Jul

Inability to move past Rs 74000 expect selling pressure to continue the day. Consistent trades above the same would lift prices higher.

Crude Oil Jun

Intraday momentum mostly on the weaker side as long as prices stay below Rs 5700. Upside turnaround point is placed T Rs 6200.

Natural Gas Jun

Break above Rs 198 is needed to trigger fresh rallies. Else, there are chances of selling pressure to continue day.

Copper Jun

Upticks would continue while prices stay above Rs 731. Unexpected drop of which would call for weak bias.

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 above Rs 205 would trigger buying interest for the day. Else choppy with mild negative bias trading expected.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer