01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 26 May 2023 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

While prices stay below $1950 may extend liquidation pressure. Else, there are chances of recovery upticks.

Silver LBMA Spot

Weak bias likely to extend as long as prices stay below $23.50. A direct rise above $24.50 could negate the view.

Crude Oil NYMEX

Choppy trading with mild pullback expected initially. A direct drop below $71 would extend weakness.

Gold KG Jun

As long as prices stay below the stiff support of Rs 59500 would extend liquidation pressure. A direct rise above Rs 60500 could negate the view.

Silver KG Jul

As long as prices stay below Rs 71500 weak bias remains on the cards. Break above Rs 74000 could negate the trend. Crude Oil Jun If unable to move past Rs 6100 there are chances of liquidation pressure in the counter. A direct break below Rs 5800 is a major liquidation signal.

Natural Gas Jun

Corrective selloffs are on the cards if prices are unable to move past Rs 212. Anyhow major support is placed at Rs 188. Copper Jun Liquidation pressure may continue while prices stay below Rs 705. A direct rise above Rs 720 is a reversal signal.

Nickel Jun

Expect choppy with thin volume trading in the near future.

Zinc Jun

Prices remains on the weaker side as long as it stays below Rs 212. Trend reversal point is seen at Rs 225.

Lead Jun

If the support of Rs 182 remains undisturbed expect recovery rallies. Else, liquidation pressure may continue the day.

Aluminium Jun

Inability to break the stiff support of Rs 205 likely for pullback rallies. Else, it may continue selling pressure.

 

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