Commodity Intraday Technical Outlook 03 July 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Choppy trades expected the day. Consistent trades above $2360 would extend rallies.
Silver LBMA Spot
Range bound moves remains on the cards. However, a direct drop below $28.50 may extend weak bias.
Crude Oil NYMEX
Consistent trades above $84 would extend rallies. Else, corrective selloffs expected the day.
Gold KG Aug
It is required to break above Rs 72000 to extend rallies. Else, choppy trading expected the day.
Silver KG Jul
Choppy trades expected inside Rs 88000-92000 for the day.
Crude Oil Jul
Inability to move past Rs 7100 intraday bias mostly on the weaker side.
Natural Gas Jul
Choppy with mild negative bias expected the day while prices stay below Rs 216.
Copper Jul
Break below Rs 835 would trigger liquidation pressure. Else, choppy with upside bias expected the day.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
Break above Rs 270 it may extend recovery upticks. Else, corrective selling is on the cards.
Lead Jul
Further rallies expected only above Rs 192. If unable to do it may see corrective selling pressure.
Aluminium Jul
As long as the support of Rs 230 hold downside, expect recovery rallies would continue the day.
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