Commodity Intraday Technical Outlook 23 June 2023 - Geojit Financial Services
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Gold LBMA Spot
While prices stay below $1920 weak bias to continue the day. A direct turn above $1980 is a sign of reversal.
Silver LBMA Spot
Intraday bias remains on the weaker side as long as it stays below $22.50. Upside reversal point is seen at $24.50.
Crude Oil NYMEX
Inability move past $72 intraday outlook remains on the lower side. A direct turn above the same would strengthen the momentum.
Gold KG Jun
While below Rs 59000 weakness would continue the day. Break above Rs 60500 could negate the view.
Silver KG Jul
Expect weakness to continue the day. Break above Rs 74000 would trigger rallies
Crude Oil Jul
Initial bias mostly on the downside but it required to sustain below $5500 to extend the momentum.
Natural Gas Jun
If the immediate resistance of 216 remains undisturbed expected weak bias for the day
Copper JUL
Sustained trades above Rs 740 is needed to extend rallies. Else, corrective selling pressure is on the cards.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
If Rs 214 hold downside, expect recovery upticks. Else, weak bias to extend the day.
Lead Jul
Inability to move past 186 intraday bias mostly on the weak side. Else, expect a choppy trading.
Aluminium Jun
As long as prices stay below Rs 202 outlook remains on the weaker side. A direct rise above Rs 205 is a reversal sing
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