06-07-2022 11:24 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 07 June 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy with corrective selloffs likely as long as prices stay below support of $1848. Recovery rallies are anticipated only a break above $1868.

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 likely to be range bound. However, major support is placed at $114.

Gold KG Aug

Intraday bias likely to correct lower as long as prices stay below Rs 51200. A direct rise above Rs 51600 is a bullish 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 9320, 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 690. 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

Recovery upticks may continue while prices hold the support of Rs 235. However consistent trades below Rs 230 would extend weakness.

 

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