Intraday Technical Outlook 06 June 2022 - Geojit Financial Services
Gold LBMA Spot
Recovery upticks 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
Though the broad trend remains positive, if $122 continue to caps upside, intraday bias prices likely to correct lower. Major support is placed at $114.
Gold KG Aug
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
Resistance is seen at Rs 9300, if unable to break the same expect corrective selling for the day. A direct rise above the same would extend rallies.
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
Upticks may 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
A direct break below Rs 329 would continue selling pressure. Else, there are chances of recovery upticks for the day.
Lead Jun
Expect a choppy trade inside Rs 189-179 levels and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
Consistent trades below Rs 230 would extend weakness. Else, there are chances of recovery upticks.
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