Intraday Technical Outlook 10 June 2021 - Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold Mini Jul/ LBMA Spot Gold
Range bound with mild negative bias trading is likely as long as prices stay below the support of $1910. Anyhow, major weakness is seen only a close below $1845. Further recovery rallies are triggered only a direct break of $1915. MCX GoldM Jul Res: 49080 Support: 48020.
Silver Mini Jun/ LBMA Spot Silver
Inability to cross the $28.50 resistance mark, intraday trend likely to be mild negative but breaking the stiff downside obstacle of $26.80 is needed to extend the momentum. Anyhow a break above $30 there are chances of sharp recovery pullbacks. Silver Mini Jun: Res at Rs 72800. Sup: 68200.
Copper Jun
There are chances of recovery upticks as long as 730 hold the downside. A direct drop below the same would trigger another round of liquidation.
Nickel Jun
A mild positive bias is likely but breaking the resistance of 1350 is needed to extend the momentum. A direct drop below 1289 is a short term bearish sign.
Lead Jun
Range bound with mild selling bias is likely, possibly inside 174-168 levels for the day.
Zinc Jun
While prices stay below 243 expect a choppy trading session for the day. Major downside reversal point is seen at 229.
Aluminium Jun
Expect a choppy trading inside 194-188 levels initially and breaking any of the sides would suggest fresh direction to the commodity.
MCX Crude Oil May/NYMEX Crude Jun
Prices continue to stay firm as long as it stays above $67. Next resistances are seen at $72 then $78 levels. However, an unexpected break of $65 could negate the outlook and correct prices lower. Major downside turnaround point is at $61. MCX Jun: Res at Rs 5170 / Support: Rs 4880.
Natural Gas Jun
As long as prices stays above 222 there are chances of recovery upticks for the day. A direct drop below 219 is a sign of reversal.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
