Intraday Technical Outlook 23 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
While prices stay below the support of $107 expect liquidation pressure to tontine the day. Else, choppy trading is on the cards.
Gold KG Aug
Choppy with mild recovery upside expected as long as prices stay above Rs 50600. A direct drop below the same is a weak signal.
Silver KG Jul
Support of Rs 60500 if holds, expect a recovery turnaround for the day. A direct rise below Rs 60100 is a liquidation sign.
Crude Oil Jul
Expect liquidation pressure as prices stay below the stiff resistance of Rs 8600. Anyhow major support is placed at Rs 7900.
Natural Gas Jun
Corrective selling pressure would continue if prices are unable to break above Rs 560. Major support is seen at Rs 514.
Copper Jun
Inability to move past Rs 750 selling pressure may continue the day. Consistent trades above the same is a recovery sign.
Nickel Jun
Volume less trades inside Rs 1880-2400 levels likely to continue in near future.
Zinc Jun
Weakness may continue if prices are unable to move past Rs 320. However, major support is placed at Rs 305.
Lead Jun
Congested trades inside Rs 189-179 levels remains on cards and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
Recovery momentum can be seen if prices remain hold the support of Rs 210. Unexpected drop below the same is a sign of major liquidation.
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