Intraday Technical Outlook 22 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
Choppy with mild negative bias expected while prices stay below $22.50. A direct turn above the same would trigger rallies.
Crude Oil NYMEX
Inability to hold the support of $107 expect liquidation pressure to tontine the day. Else, choppy trading is on the cards
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
Inability to move past Rs 60500, expect corrective selling pressure for the day. A direct rise above Rs 62000 would extend rallies.
Crude Oil Jul
Expect liquidation pressure as prices stay below the stiff resistance of Rs 8600. Anyhow major support is placed at Rs 8200.
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
While prices stay below Rs 750 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
Inability to move past Rs 320 there are chances of corrective selling pressure. Anyhow, consistent trades below Rs is a sign of liquidation pressure.
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 unable to beak the support of Rs 210 there are chances of recovery upticks. Unexpected drop below the same is a sign of further liquidation.
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