Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 June 2023 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

Congested trade inside $1990-1920 would continue initially and breaking any of the sides would trigger fresh directional moves.

Silver LBMA Spot

Mild upticks expect initially. However, break above $24.50 is needed to strengthen the momentum.

Crude Oil NYMEX

Consistent trades above $72 may extend recovery upticks. Else, choppy trading expected the day.

Gold KG Jun

support of Rs 59200 if remain hold, expect mild recovery upticks. A direct dip below the same would trigger further liquidation.

Silver KG Jul

It is required to stay above Rs 74000 to trigger further major rallies. Inability to do so may see corrective selloffs for the day.

Crude Oil Jun

Break above Rs 5900 would continue rallies. Else, choppy with mild correction is on the cards for the day.

Natural Gas Jun

Further rallies are seen only above Rs 218. If unable to break it may see selling pressure for the day.

Copper Jun

Stiff resistance is seen at Rs 738 which needs to be cleared for further rallies.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

While prices stay above Rs 216 would extend recovery upticks. A direct drop below Rs 209 is a downside reversal signal.

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

Prices remain stuck inside Rs 205-203 levels and breaking any of the sides would suggest fresh directional moves.

 

 

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