06-02-2022 10:18 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 02 June 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Mild recovery can be seen as long as the support of $1838 remains undisturbed. A direct drop below the same would trigger further weakness.

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

Corrective selloffs may continue while prices stay below $118. A direct rise above would trigger further rallies.

Gold KG Jun

Intraday bias likely to be on the upside as long as prices stay above Rs 50600. A direct drop below the same is a weak signal.

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

Expect choppy with negative bias as long as the resistance of Rs 9150 caps the upside. Major support is seen at Rs 8300.

Natural Gas Jun

Bullish outlook likely to continue while prices stay above Rs 660. Consistent trades below Rs 620 is a sign of weakness.

Copper Jun

Expect a range bound trading inside Rs 780-765 levels with mild positive bias.

Nickel Jun

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Jun

As long as prices stay above the resistance of Rs 324 there chances of further upticks. Downside reversal point is seen at Rs 310.

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

Inability to move past Rs 230 there are potential upside. A direct dip below the same would trigger selling pressure.

 

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