IGI Logo

Gold LBMA Spot

Choppy with mild negative bias expected initially. Recovery upticks are likely only a consistent trades above $1760.

Silver LBMA Spot

A direct drop below $18 would trigger further selling pressure for the day. Else, there are chances of recovery upticks.

Crude Oil NYMEX

Immediate and stiff support is seen at $93 which needs to be cleared for triggering further liquidation. Otherwise there are chances of recovery upticks.

Gold KG Aug

Prices likely to be choppy inside Rs 49500-51200 levels and breaking any of the sides would suggest fresh directional moves.

Silver KG Jul

Inability to move past Rs 56800 liquidation pressure would continue the day. A direct turn above Rs 57400 is a sign of recovery.

Crude Oil Jul

Weak momentum to continue while the resistance of Rs 8200 remains caps the upside. Consistent trades above the same is a recovery sign.

Natural Gas Jul

While prices stay above Rs 620 rallies likely to continue the day. A direct drop below Rs 560 is a weak signal.

Copper Jul

A direct break above Rs 640 would extend rallies. Else, choppy with mild negative bias trading expected.

Nickel Jul

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Jul

If the support of Rs 272 holds, expect recovery bias for the day. A direct close below the same is a weak sign.

Lead Jul

Recovery upticks would extend as long as the support of Rs 172 remains hold downside. A direct drop of which is a sing of weakness.

Aluminium Jul

Intraday momentum remains on the positive side as long as it stays above Rs 212.50. Consistency below Rs 207 is a sign of weakness.

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