IGI Logo

Gold LBMA Spot

Choppy trades inside $1970-1940 levels expected initially and breaking any of the sides would suggest fresh directional move for the day.

Silver LBMA Spot

Break below $24 would extend selling pressure. Else, a mild recovery upticks are on the cards.

Crude Oil NYMEX

Initial rallies are likely but there is stiff resistance at $84. If unable to break the same expect corrective selling pressure.

Gold KG Aug

A direct break above Rs 59600 would lift price higher. Likewise unexpected drop below Rs 58700 would weaken the momentum.

Silver KG Sep

As long as Rs 73000 remains hold downside, there are chances of upticks to continue the day.

Crude Oil Aug

As long as Rs 6550 hold downside, expect recovery rallies would continue the day.

Natural Gas Jul

Consistent trades above Rs 225 is required to extend rallies. If not, expect corrective selling pressure for the day.

Copper Aug

Immediate support at Rs 740 which if remains holds expect recovery upticks. Inability to stable above the same would see corrective selling pressure.

Nickel Aug

Expect choppy with thin volume trading in the near future

Zinc Aug

Consistent trades below Rs 222 would extend corrective selling. Else, upticks would continue the day.

Lead Aug

A direct drop below Rs 183 it may extend weakness. Lese, choppy with mild recovery upticks are on the cards.

Aluminium Aug

As long as prices stay above Rs 200 positive momentum would continue the day. An unexpected drop below Rs 196 would see corrective selling pressure.

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