Intraday Technical Outlook 17 June 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery can be seen as long as the support of $1815 remains undisturbed. A direct drop below the same would trigger further weakness.
Silver LBMA Spot
While prices stays above the support of $21.50, upticks likely to continue the day. A direct drop below $20 would trigger major liquidation.
Crude Oil NYMEX
Expect a choppy trading inside $123-108 levels initially and breaking any of the sides would suggest fresh short term directions.
Gold KG Aug
Intraday bias likely to be on the upside as long as prices stay above Rs 50600. A direct drop below the same is a weak signal.
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 Jul
A direct break below Rs 8600 would trigger selling pressure. Else, there are chances of recovery upticks to continue the day
Natural Gas Jun
Inability to move past Rs 630 there are changes of corrective selling for the day. A direct rise above would trigger rallies.
Copper Jun
A direct dip below Rs 740 would continue selloffs. Else, recovery upticks are on cards.
Nickel Jun
Volume less trades inside Rs 1880-2400 levels likely to continue in near future
Zinc Jun
A direct dip below Rs 310 would trigger further liquidation pressure. Else, recovery upticks are on cards.
Lead Jun
Prices remains congested inside Rs 189-179 levels and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
Mild negative bias expected while prices stay below Rs 223. Consistent trades above Rs 225 would trigger fresh rallies.
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