Intraday Technical Outlook 20 June 2022 - Geojit Financial Services
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.
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