Commodity Intraday Technical Outlook 19 July 2023 - Geojit Financial Services
Gold LBMA Spot
Break above $1990 would extend rallies. Else, there are chances of corrective selling pressure for the day.
Silver LBMA Spot
As long as $24.50 hold downside, intraday bias mostly on the positive side.
Crude Oil NYMEX
While above $74 intraday momentum mostly on the positive side. A direct drop below $71 would tigger liquidation pressure.
Gold KG Aug
While above Rs 59500 would continue positive bias. Else, choppy trades expected the day
Silver KG Sep
As long as the support of Rs 73000 remains undisturbed expect continuation of the momentum. Consistent trades below the same would trigger liquidation.
Crude Oil Jul
Break above the resistance of Rs 6300 is required for further rallies. Else, choppy trading is on the cards.
Natural Gas Jul
Expect a range bound trade inside Rs 208-220 levels and breaking any of the sides would suggest fresh directional moves.
Copper Jul
Rallies expect to continue if 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
Prices remains choppy with mild negative bias initially. A direct rise above Rs 217 would extend rallies.
Lead Jul
Break above Rs 183 would extend rallies. Else, choppy trading is on the cards
Aluminium Jul
If the support of Rs 196 remains hold, expect slight recovery bias for the day. Else, it may continue selling pressure.
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