Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 June 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

While prices stay below $1920 weak bias to continue the day. A direct turn above $1980 is a sign of reversal.

Silver LBMA Spot

Further selloffs are expected only a break of $22. If unable to break the same expect mild recovery upticks for the day

Crude Oil NYMEX

Choppy trading expected initially. Consistent trades above $72 is needed to trigger fresh buying interest.

Gold KG Jun

While below Rs 59000 weakness would continue the day. Break above Rs 60500 could negate the view.

Silver KG Jul

Choppy with mild recovery upticks expected initially. However stiff resistance is placed at Rs 72000.

Crude Oil Jul

Recovery upticks expected as long as the support of Rs 5600 remain undisturbed. A direct turn below would tigger selling pressure.

Natural Gas Jun

While prices stay above the immediate resistance of Rs 222 would extend rallies. A direct dip below Rs 205 is a reversal signal.

Copper JUL

Weakness likely to extend while prices stay below Rs 725. Stiff resistance is seen at Rs 740.

Nickel Jul

Expect choppy with thin volume trading in the near future.

Zinc Jul

Recovery upticks seen only a break of Rs 215. If unable to break the same would trigger selling pressure.

Lead Jul

Inability to move past 186 intraday bias mostly on the weak side. Else, expect a choppy trading.

Aluminium Jun

Immediate support is placed at Rs 196 which if hold expect a recovery upticks. Else, it may continue selling pressure.

 

 

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