IGI Logo

Gold LBMA Spot

Intraday momentum likely to be weak as long as prices stay below $1920. A direct turn above $1980 is a reversal signal.

Silver LBMA Spot

Weak bias likely to continue while prices stay Possibilities below $23. Consistent trade above $23.50 is a sing of recovery rallies.

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

While prices stay below Rs 59000 intraday momentum likely to be on the lower side. Immediate resistance is seen at Rs 59800.

Silver KG Jul

Selling momentum may continue while prices stay below Rs 72000. Upside reversal point is placed at Rs 74000.

Crude Oil Jul

Consistent trades above Rs 5950 would strengthen rallies. Unexpected drop below Rs 5800 would liquidate prices.

Natural Gas Jun

As long as Rs 201 hold downside there are chances of upside momentum to continue the day. Else, weak bias is on the cards.

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

Weak bias would continue while prices stay below Rs 206. consistent trades above the same could negate the trend.

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