Intraday Technical Outlook 15 June 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery can be seen as long as the support of $1810 remains undisturbed. A direct drop below the same would trigger further weakness.
Silver LBMA Spot
While prices stays above the support of $20.50, upticks likely to continue the day. A direct drop below $20 would trigger major liquidation.
Crude Oil NYMEX
Rallies would continue while prices stay above $118. Consistent trades below $115 is a weak signal.
Gold KG Aug
Choppy trading with mild negative bias expected as long as prices stay below Rs 50600. A direct rise above the same would trigger rallies.
Silver KG Jul
As long as prices stay below Rs 60500, expect weakness for the day. Consistent trades above Rs 61000 may see rallies.
Crude Oil Jun
Expect buying interest to continue while prices stay above Rs 9300. Break below Rs 8900 is a short term weak signal.
Natural Gas Jun
Liquidation pressure may continue while prices stay below Rs 598. A direct rise above Rs 620 would negate the view and take prices higher.
Copper Jun
Bullish outlook likely to 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
A mild turnaround is expected while the support of Rs 308 hold the downside. A direct break of which would extend liquidation pressure.
Lead Jun
Expect a congested trade inside Rs 189-179 levels and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
A direct turn above Rs 220 may see recovery rallies. However, consistent trades below Rs 216 would see weakness for the day.
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