Commodity Intraday Technical Outlook 30 June 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy trading expected initially. However, inability to break the support of $1815 there are chances of recovery upticks.
Silver LBMA Spot
Prices remain choppy 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
Prices remain congested inside Rs 51200-50600 levels and breaking any of the sides would suggest fresh direction for the day.
Silver KG Jul
Broad sentiment remains on the weaker side. A direct drop below Rs 58000 is a major liquidation signal. Immediate reversal signal is seen at Rs 62000.
Crude Oil Jul
Consistent trades above Rs 8800 would extend rallies. Else, there are chances of corrective selling pressure for the day.
Natural Gas Jul
While prices stays above Rs 512 recovery momentum may continue the day. A direct fall below Rs488 would trigger liquidation pressure.
Copper Jul
Inability to move past Rs 720 would continue selloffs. Else, recovery upticks are on cards.
Nickel Jul
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jul
Upticks may be seen as the support of Rs 296 hold the downside. Anyhow major rallies are seen only a break above Rs 320.
Lead Jul
While prices stay below the stiff support of Rs 178 corrective selloffs may continue the day. Major resistance is seen at Rs 186.
Aluminium Jul
Weak bias to continue if prices are unable to break above Rs 216. However, consistent trades above Rs 220 is a sign of recovery.
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