IGI Logo

Gold LBMA Spot

Resistance of $1970 needs to be cleared for continuation of further uptrend. Else, choppy with mild negative bias expected the day.

Silver LBMA Spot

There are chance of choppy with mild negative bias initially. However, a direct break below $23 would trigger major selloffs.

Crude Oil NYMEX

While prices stay above $74 intraday momentum mostly on the positive side. A direct drop below $71 would tigger liquidation pressure.

Gold KG Aug

Prices remains choppy initially, but as long as it stays above Rs 59000 there are potential buying interest in the counter.

Silver KG Sep

Buying pressure likely to continue if prices stay above Rs 72500. A direct dip below Rs 68000 is a sign of major downside reversal.

Crude Oil Jul

There is a stiff resistance is seen at Rs 6350 which if broken expect buying pressure for the day. Else, choppy trading is on the cards.

Natural Gas Jul

Inability to move past Rs 203 there are potential buying pressure initially. Otherwise expect corrective sell off for the day.

Copper Jul

Initial bias most likely on the negative side while it stays below Rs 730. Break above Rs 738 would see recovery rallies.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

A direct dip below Rs 213 would see extension of selling pressure. Else, recovery upticks are on the card for the day.

Lead Jul

Break above Rs 183 would extend rallies. Else, choppy trading is on the cards.

Aluminium Jul

Inability to move past Rs 202 there are chance of selling pressure. Else, expect recovery upticks.

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