Intraday Technical Outlook 01 June 2022 - Geojit Financial Services
Gold LBMA Spot
Mild negative bias can be seen as long as prices stays below the support of $1848. A direct rise above $1872 is a sign of recovery upticks.
Silver LBMA Spot
Inability to break the support of $21.50 upticks likely to continue the day. A direct drop below $20 would trigger major liquidation.
Crude Oil NYMEX
Choppy with mild negative bias if on cards while prices stay below $118. However, major liquidation is seen only a break of $105.
Gold KG Jun
A direct break above Rs 51200 is needed to continue rallies. Else, there are chances of corrective selling pressure for the day.
Silver KG Jul
Inability to move past the support of Rs 60500, expect recovery upticks. A direct drop below Rs 60000 is a sign of major weakness.
Crude Oil Jun
Consistent trades above Rs 9200 is needed to extend rallies. Else, there are chances of corrective selloffs for the day.
Natural Gas Jun
Range bound trading expected inside Rs 680-620 with mild positive bias. Breaking either sides would suggest short term directional moves.
Copper Jun
Expect a range bound trading inside Rs 790-769 levels with mild positive bias.
Nickel Jun
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jun
Break above Rs 340 is needed to continue rallies. Inability to do so may see corrective selloffs for the day.
Lead Jun
As long as the support of Rs 178 remains hold, expect recovery upticks for the day. A direct drop below the same is a major selling signal.
Aluminium Jun
Break above Rs 245 would continue rallies. Else, there are chances of corrective selling pressure.
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