Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 21 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

Gold LBMA Spot Support of $1920 if holds expect recovery upticks. A direct drop of which would trigger further liquidation pressure.

Silver LBMA Spot

Silver LBMA Spot While prices stay below $23.50 weak bias likely to continue the day. Major upside turnaround point is seen at $24.

Crude Oil NYMEX

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

Stiff support is placed at Rs 58500 which if breaks expect further correction in prices. Else, turn around in prices are possible the day.

Silver KG Jul

Silver KG Jul Weak bias to extend initially, but consistent trades below Rs 69500 would trigger major liquidation pressure.

Crude Oil Jul

Crude Oil Jul Mild upticks expected as long as the support of Rs 5800 hold downside. A direct drop of which would extend selling pressure.

Natural Gas Jun

Natural Gas Jun Prices remains choppy inside Rs 202-210 levels and breaking any of the sides would set fresh short term directions.

Copper Jun

Copper Jun Expect a choppy trades inside Rs 725-734 levels initially and breaking any of the sides would set fresh directional moves.

Nickel Jun

Nickel Jun Expect choppy with thin volume trading in the near future.

Zinc Jun

Zinc Jun If unable to move past Rs 212 a mild recovery upticks expected. Else, further correction in prices are on the cards.

Lead Jun

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

Aluminium Jun Break below the stiff support of Rs 201.50 would correct prices further lower. Else, recovery rallies are expected.

 

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