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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