Commodity Intraday Technical Outlook 26 June 2023 - Geojit Financial Services
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.
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