IGI Logo

Gold LBMA Spot

Outlook remains on the weaker side while prices stay below the stiff support of $1900. Consistent trades above $1948 likely to negate the view.

Silver LBMA Spot

Choppy with weak bias inside $23-22.20 levels expected initially and breaking any of the sides would suggest fresh directions for the day.

Crude Oil NYMEX

Inability to break above $82 corrective selling pressure would continue the day. Consistent trades above the same would see recovery rallies.

Gold KG Oct

Bearish momentum remains on the cards as long as Rs 59000 caps upside. A direct rise above it would see recovery rallies.

Silver KG Sep

As long as Rs 69200 remains holds, there are chances of mild recovery upticks. A direct drop of which would extend liquidation.

Crude Oil Sep

As long as Rs 6800 remains caps upside expect weak bias to continue the day. A direct rise above Rs 6900 is sign of reversal.

Natural Gas Aug

A direct turn above Rs 230 would negate the present weak bias. However, stiff support is placed at Rs 210.

Copper Aug

Consistent trades below Rs 715 would extend weakness. Inability to so may see recovery upticks.

Nickel Aug

Expect choppy with thin volume trading in the near future.

Zinc Aug

Support below Rs 208 weak bias would extend in the counter. Consistent trades above Rs 212 would lift prices higher.

Lead Aug

An unexpected drop below Rs 182.50 would extend selling pressure. Else, choppy trading is on the cards.

Aluminium Aug

Expect a congested trade inside Rs 199-195 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