Commodity Intraday Technical Outlook 30 May 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
Choppy trading expected initially. However, there are chances of a mild recovery upticks if it holds the support of $1920.
Silver LBMA Spot
Further selloffs are seen only a break of $22.40. If unable to break the same would call for recovery upticks for the day.
Crude Oil NYMEX
A direct break above $74 would trigger another round of fresh rallies. Else, corrective selling pressure is likely for the day.
Gold KG Jun
As long as the support of Rs 59000 remains hold, expect recovery rallies. Consistent trades below the same is a signa of downside reversal.
Silver KG Jul
Expect a choppy trade inside Rs 72000-70000 levels and breaking any of the sides would suggest fresh directional moves..
Natural Gas Jun
Consistent trades below Rs 194 would extend selling pressure. Else, recovery rallies are on the cards for the day..
Nickel Jun
Expect choppy with thin volume trading in the near future..
Zinc Jun
Intraday trend remains on the weaker side as long as it stays below Rs 212. Trend reversal point is seen at Rs 225
Lead Jun
If the support of Rs 182 remains undisturbed expect recovery rallies. Else, liquidation pressure may continue the day
Aluminium Jun
Prices needs to survive above Rs 209 to extend rallies. Else, corrective selloffs are likely for the day.
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
