Commodity Intraday Technical Outlook 28 June 2023 - Geojit Financial Services
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Gold LBMA Spot
A direct break below $1900 would extend liquidation. Else, recovery upticks are on the cards.
Silver LBMA Spot
Choppy trades expected initially. Further selloffs are expected only a break of $22.
Crude Oil NYMEX
Mild negative bias expected initially. However, a direct rise above $71 would trigger buying momentum.
Gold KG Aug
As long as prices stay below Rs 59000 would extend weakness. Break above Rs 60500 is a sign of recovery momentum.
Silver KG Jul
Consistent trades above Rs 71000 would extend recovery upticks. Else, choppy with negative trades is on the cards.
Crude Oil Jul
Prices remains chppy inside Rs 5800-5550 initially and breaking any of the sides would suggest fresh directional moves for the day.
Natural Gas Jul
A direct break above Rs 230 is needed to trigger further rallies. Else, corrective selloffs are likely for the day.
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
If unable to break above Rs 186 intraday bias mostly on the weaker side. Else, expect a choppy trading.
Aluminium Jul
Intraday momentum most likely to be choppy. Anyhow, further major selloffs are seen only below Rs 196.
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