01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 June 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Congested trade inside $1990-1920 levels remains on card initially. Breaking any of the sides would set fresh directional moves.

Silver LBMA Spot

Possibilities of a mild upticks remains intact. However, break above $24.50 is needed to strengthen the momentum.

Crude Oil NYMEX

Sustained trades above $72 would lift prices further highs. Else, it may see corrective selling pressure for the day.

Gold KG Jun

If unable to move past Rs 59000 there are chances of recovery upticks. A direct dip below the same would trigger further liquidation.

Silver KG Jul

Break above Rs 74000 needed to extend rallies. Otherwise choppy with mild negative bias expected the day.

Crude Oil Jun

Stiff resistance is seen at Rs 5950 which is needed to be cleared for extension of rallies. Else, choppy trades are on the cards.

Natural Gas Jun

While prices stay above Rs 210 expect recovery rallies would continue the day. A direct drop of which would call for liquidation pressure.

Copper Jun

Range bound trade inside Rs 725-734 expected initially and breaking any of the sides would set fresh directional moves.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

If 225 remains caps expected corrective selling pressure. Else, chances of recovery rallies for the day.

Lead Jun

As long as prices stay above Rs 183.50 buying pressure would continue the day. Downside reversal point is placed at Rs 181.

Aluminium Jun

Prevailing weakness would continue while prices stay below Rs 206. Consistent trades above the same would call for recovery upticks.

 

 

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