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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 July 2023 - Geojit Financial Services
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Gold LBMA Spot

Prices needs to break above $1990 ti 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

Expect a choppy trading initially. However, a direct rise above $74 would extend the positive trend. Break below $71 would tigger liquidation pressure.

Gold KG Aug

As long as prices stay above Rs 59500 would continue positive bias. Else, choppy trades expected the day.

Silver KG Sep

If the support of Rs 73000 remains undisturbed expect choppy with positive bias. Consistent trades below the same would trigger liquidation.

Crude Oil Jul

Consistent trade above the resistance of Rs 6300 would continue rallies. Else, choppy trading is on the cards.

Natural Gas Jul

Prices remain range inside Rs 208-220 levels and breaking any of the sides would suggest fresh directional moves.

Copper Jul

Upticks are expected only a break 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

Expect choppy with mild negative bias initially. A direct rise above Rs 217 would extend rallies.

Lead Jul

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

Aluminium Jul

As long as Rs 195 remains hold downside, expect slight recovery bias for the day. Else, it may continue selling pressure.

 

 

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