IGI Logo

Gold LBMA Spot

Choppy with mild positive bias is likely as long as prices stay above $1855. Further selloffs are anticipated only a break below $1825.

Silver LBMA Spot

A direct dip below the support of $21.50 would extend liquidation pressure. Else, there are chances of recovery upticks.

Crude Oil NYMEX

Further rallies are seen only a break above $123. Inability to break the same would trigger corrective selling.

Gold KG Aug

Intraday momentum may remain choppy with positive as long as the support of Rs 51200 hold the downside. An unexpected drop below Rs 50500 is a sign of weakness.

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 9600-9040 levels with mild positive bias. Breaking any of the sides would suggest fresh short term directions.

Natural Gas Jun

Corrective selloffs are likely while prices stay below Rs 690. Consistent trades above Rs 715 would trigger rallies.

Copper Jun

Selling pressure may continue while prices stay below Rs 780. However, stiff support is placed at Rs 758.

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

Choppy trade inside Rs 189-179 levels remain on cards and breaking any of the sides would set a short term direction.

Aluminium Jun

As prices stay below Rs 230 expect liquidation pressure to continue the day. Recovery rallies are seen only a break of Rs 235.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer