Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 25 July 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 

Expect choppy trades inside $1940-1990 levels with mild negative bias. Breaking any of the sides would suggest fresh short term direction.

Silver LBMA Spot 

Break above $25.20 would extend rallies. Else, there are chances of corrective selling pressure.

Crude Oil NYMEX

As long as prices stay above $78 would extend rallies. A direct drop below $75 likely to trigger weakness.

Gold KG Aug

Expect a choppy trade inside Rs 60000-58200 levels and either side breakout would suggest fresh short term direction.

Silver KG Sep

Break above the resistance of Rs 77000 would continue rallies. Else, weak momentum is likely in the cards.

Crude Oil Aug

As long as prices stay above Rs 6300 would continue rallies. Else, choppy trading is on the cards.

Natural Gas Jul

If unable to break above Rs 235 would trigger selling pressure. A direct break above the same may see rallies.

Copper Jul

Inability to move past Rs 735 choppy with mild corrective selling pressure expected the day.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

While prices stay above Rs 215 expect rallies would continue. Inability to break below 210 is a sign of liquidation.

Lead Jul

Consistent trades above Rs 183 would extend rallies. Else, choppy trading is on the cards.

Aluminium Jul

As long as the support of Rs 195 remains hold downside, expect slight recovery bias for the day.

 

 

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