Commodity Intraday Technical Outlook 28 June 2022 - Geojit Financial Services
Gold LBMA Spot
Recovery upticks can be seen as long as the support of $1815 remains undisturbed. A direct drop below the same would trigger further weakness.
Silver LBMA Spot
Expect a choppy trade inside $22.50-20.50 levels and breaking any of the sides would suggest fresh directional moves.
Crude Oil NYMEX
As prices stays above $107 it may extend pullback rallies. A direct drop below $106 is a sign of weakness.
Gold KG Aug
Recovery bias expected only a break above Rs 51200. Meanwhile, consistent trades below Rs 50200 is a sign of major liquidation.
Silver KG Jul
Broad sentiment remains on the weaker side. Consistent trades above Rs 62000 is a sign of reversal.
Crude Oil Jul
A direct rise above Rs 8800 would extend rallies. Else, there are chances of corrective selling pressure for the day
Natural Gas Jun
liquidation pressure would continue the day as prices stays below Rs 520. Further rallies are seen only a break above Rs 548.
Copper Jun
While prices stay below Rs 720 would continue selloffs. Else, recovery upticks are on cards.
Nickel Jun
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jun
Selling pressure may continue while prices stay below Rs 317. Recovery upticks are expected only a close above Rs 320.
Lead Jun
While prices stay below the stiff support of Rs 178 corrective selloffs may continue the day. Major resistance is seen at Rs 186.
Aluminium Jun
Choppy with weak bias to continue while prices stay below the support of Rs 218. Consistent trades above Rs 220 is a sign of recovery.
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