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01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 19 July 2023 - Geojit Financial Services
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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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