Commodity Intraday Technical Outlook 01 July 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Consistent trades above $2360 would extend rallies. Else, weakness is on the cards.
Silver LBMA Spot
Choppy trades initially expected. However, a direct drop below $28.50 may extend weak bias.
Crude Oil NYMEX
If unable to move past $82.50 there are chances of mild selling pressure.
Gold KG Aug
Break below Rs 70600 may extend selling pressure. Else recovery upticks expected the day.
Silver KG Jul
While below Rs 88000 outlook remains on the weaker side. Stiff resistance at Rs 92000.
Crude Oil Jul
It is required to break above Rs 6900 to extend rallies. Otherwise, weak momentum may see today.
Natural Gas Jul
Mild negative bias expected initially. It is required to break above Rs 235 to trigger recovery rallies.
Copper Jul
Break below Rs 835 likely to extend liquidation pressure. Else, recovery upticks are on cards.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
While above Rs 270 it may extend recovery upticks. Else, corrective selling is on the cards.
Lead Jul
As long as Rs 195 hold downside expect recovery rallies. Else, weak bias expected the day.
Aluminium Jul
Recovery upticks expected as long as the support of Rs 228 hold downside.
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