Intraday Technical Outlook 08 June 2022 - Geojit Financial Services
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Gold LBMA Spot
Choppy with corrective selloffs likely as long as prices stay below support of $1855. 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
Expect a choppy trade inside Rs 9400-9040 levels with mild positive bias. Breaking any of the sides would suggest fresh short term directions.
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
Consistent trades above Rs 330 would continue rallies. Else, there are chances of corrective selling pressure 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 232. However consistent trades below Rs 230 would trigger weakness.
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