Intraday Technical Outlook 24 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
Expect a choppy trade inside $22.50-20.50 levels and breaking any of the sides would suggest fresh directional moves.
Crude Oil NYMEX
A direct turn above $107 may extend pullback rallies. Else, it may continue weakness for the day.
Gold KG Aug
Recovery bias expected only a break above Rs 51200. However consistent trades below Rs 50200 is a sign of major liquidation.
Silver KG Jul
Though broad sentiment is still on the weaker side there are chances of slight recovery uptick for the day is it is unable to break Rs 59300.
Crude Oil Jul
Expect liquidation pressure as prices stay below the stiff resistance of Rs 8600. Anyhow major support is placed at Rs 8100.
Natural Gas Jun
liquidation pressure would continue the day as prices stays below Rs 520. Further rallies are seen only a break above Rs 548.
Copper Jun
While prices stay below Rs 720 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
While prices stay below Rs 317 there are chances of corrective selling pressure. consistent trades below Rs 305 is a sign of major liquidation pressure.
Lead Jun
Congested trades inside Rs 189-178 levels remains on cards and breaking either the sides would suggest fresh directional moves.
Aluminium Jun
Weak bias to continue while prices stay below the support of Rs 218. Consistent trades above the same is a sign of recovery rallies.
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