01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 20 June 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Recovery upticks 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

Choppy with mild negative bias expected initially. However, a direct drop below $106 would trigger major liquidation pressure.

Gold KG Aug

Choppy with mild upside expected 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 recovery upticks for the day. A direct drop below Rs 59400 is a sign of major weakness.

Crude Oil Jul

While prices stay below Rs 8600 would continue selling pressure. However, consistent trades above Rs 8800 is a sign of recovery rallies.

Natural Gas Jun

Corrective selling pressure would continue the day as prices stays below Rs 560. Further rallies are seen only a break above Rs 600.

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 308 would trigger further liquidation pressure. Else, recovery upticks are on cards.

Lead Jun

Congested trades inside Rs 189-179 levels remains on cards and breaking either the sides would suggest fresh directional moves.

Aluminium Jun

If the support of Rs 210 breaks, further liquidation pressure is likely for the day. Else, mild recovery moves are in the cards.

 

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