01-01-1970 12:00 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 27 June 2023 - Geojit Financial Services
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Gold LBMA Spot

Consistent trades below $1900 would extend liquidation. Else, recovery upticks are on the cards.

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

Expect a choppy with negative bias trading initially. However, a direct rise above $71 would trigger buying momentum.

Gold KG Jun

Consistent trades below Rs 59000 would extend weakness. Break above Rs 60500 is a sign of recovery momentum.

Silver KG Jul

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

Crude Oil Jul

Expect a range trade inside Rs 5800-5550 initially and breaking any of the sides would suggest fresh directional moves for the day.

Natural Gas Jun

Inability to move past Rs 225 buying momentum may continue the day. A direct drop of which would liquidate prices.

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

Intraday momentum remains on the weaker side as long as prices stay below Rs 215.

Lead Jul

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

Aluminium Jun

A direct drop below the support of Rs 195 would extend liquidation pressure. Else, choppy with mild recovery upticks are possible the day.

 

 

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