Intraday Technical Outlook 03 June 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery can be seen as long as the support of $1848 remains undisturbed. A direct drop below the same would trigger further weakness.
Silver LBMA Spot
While prices stays above the support of $21.50, upticks likely to continue the day. A direct drop below $20 would trigger major liquidation.
Crude Oil NYMEX
Rallies would continue while prices stay above $105. Consistent trades below $97 is a weak signal
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
As long as prices stay above Rs 60500, expect rallies would continue the day. A direct drop below Rs 60000 is a sign of major weakness.
Crude Oil Jun
Expect rallies to continue while prices stay above Rs 8300. Break below Rs 7600 is a short term weak signal.
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
Bullish outlook likely to continue while prices stays above Rs 790. Consistent trades below Rs 770 is a sign of weakness.
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
Expect a congested trade inside Rs 189-179 levels and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
Choppy with mild negative bias expected while prices stay below Rs 237. Consistent trades above Rs 241 would trigger fresh rallies.
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