Intraday Technical Outlook 15 June 2021 - Geojit Financial
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Gold Mini Jul/ LBMA Spot Gold
As long as prices stay below $1880 intraday bias likely to be on the weaker side with stiff support is seen at $1842. A direct drop below the same would extend the momentum. Prices required to break above $1900 to reverse the momentum. MCX GoldM Jul Res: 49200 Support: 47350.
Silver Mini Jun/ LBMA Spot Silver
Inability to cross the immediate upside obstacle of $28.50, there are chances of selling pressure to continue towards $26.80 initially. Break of which the momentum may extend in near future. Rallies above $30 would call for sharp recovery pullbacks later. Silver Mini Jun: Res at Rs 72800. Sup: 69200.
Copper Jun
Prices may correct further if it unable to breach the resistance of 750. A close below 735 is a sign of major weakness.
Nickel Jun
If 1350 remain caps the upside, there are chances of corrective selling pressure for the day. A direct drop below 1289 is a short term bearish sign.
Lead Jun
Intraday momentum continue to be choppy inside 174-168 levels initially and breaking either the sides would suggest fresh direction to the commodity.
Zinc Jun
Braking the resistance of 243 is required to continue bullish momentum. Else, there are changes of negative momentum for the day.
Aluminium Jun
Buying momentum may continue as long as 192 hold the downside. Further weakness is seen only a c close below 188.
MCX Crude Oil May/NYMEX Crude Jun
While prices stay above $71, bullish outlook continue towards the next resistances of $72 initially followed by $78. Meanwhile, a break of $68 could weaken intraday bullish bias and take prices lower. MCX Jun: Res at Rs 5270 / Support: Rs 4940
Natural Gas Jun
Consistent trades above 243 is needed to extend the buying momentum for the day. Else, there are chances of corrective selling.
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