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 Sep

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 Aug

A slight recovery can be seen initially but it needs to trade consistently above Rs 8200 to trigger major rallies.

Natural Gas Aug

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

Copper Aug

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

Nickel Aug

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

Zinc Aug

Choppy trading remains expected the day. A direct rise above Rs 275 would attract more buyers in the counter. Else mild negative bias trading is likely for the day.

Lead Aug

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 Aug

A direct break above Rs 214 is needed to extend rallies. Else, prices may correct lower 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