06-09-2022 10:55 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 09 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 $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

Broad bullish outlook may continue while prices stay above $117. A direct drop below $114 is a sign of weakness.

Gold KG Aug

Expect choppy with mild negative bias 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

Rallies would continue while prices stay above Rs 9040. Consistent trades below Rs 8800 is a sign of weakness.

Natural Gas Jun

Choppy trading inside Rs 640-730 levels expected initially and breaking either the sides would suggest fresh directional moves for the day.

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

Inability to move past the support of Rs 232 would extend rallies. A direct drop below Rs 230 is an early sign of corrective selling pressure.

 

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