Intraday Technical Outlook 14 June 2022 - Geojit Financial Services
Gold LBMA Spot
Choppy trading with negative bias s likely as long as prices stay below support of $1855. Recovery rallies are anticipated only a break above $1868.
Silver LBMA Spot
While prices stay below the support of $21.50 would extend weak bias. Else, there are chances of recovery upticks.
Crude Oil NYMEX
Further rallies are seen only a break above $122. Inability to break the same would trigger corrective selling.
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
Inability to move past Rs 63000 there are more chances for further selloffs. Major support is placed at Rs 58500.
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
Choppy trading remains on cards initially. However, consistent trades below Rs 690 would extend weakness.
Copper Jun
While prices stay below Rs 770 there are chances of selloffs to continue the day. A direct rise above Rs 810 is a recovery signal.
Nickel Jun
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jun
Weak bias to continue as long as prices stay below Rs 330.
Lead Jun
Prices remains held inside Rs 189-179 levels initially and breaking any of the sides would set a fresh short term direction.
Aluminium Jun
While prices stay below Rs 230 would continue selling pressure. A direct rise above Rs 235 is a sign of reversal.
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