Commodity Intraday Technical Outlook 3 August 2023 - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold LBMA Spot
While prices stay below $1940 expect weak momentum to continue the day. Further rallies are seen only above $1970.
Silver LBMA Spot
Choppy with weak bias would extend as long as prices stay below $24. Break above $25.20 is a sing of reversal.
Crude Oil NYMEX
If unable to sustain above $82 corrective selling pressure is on the cards for the day.
Gold KG Aug
Immediate support is seen at Rs 59000. A direct drop below the same would extend selling pressure.
Silver KG Sep
As long as Rs 73000 remains hold downside, there are chances of upticks to continue the day.
Crude Oil Aug
While below Rs 6550 expect selling pressure. A direct turn above Rs 6700 could negate the view.
Natural Gas Jul
Choppy with weak momentum may continue the day as prices cleared the support of Rs 208. Stiff resistance is placed at Rs 220.
Copper Aug
Support is seen at Rs 730 which if holds expect recovery upticks. Else, it may continue weakness
Nickel Aug
Expect choppy with thin volume trading in the near future.
Zinc Aug
Consistent trades below Rs 222 would extend corrective selling. Else, upticks would continue the day
Lead Aug
A direct drop below Rs 183 it may extend weakness. Lese, choppy with mild recovery upticks are on the cards.
Aluminium Aug
Consistent trades below Rs 200 would expect weakness. Else, mild recovery upticks are expected.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
