Commodity Intraday Technical Outlook 03 June 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Price remain choppy initially and if it clears $2320 would drag prices lower.
Silver LBMA Spot
A direct dip below $30 would drag prices further lower. Else, recovery upticks are on the cards.
Crude Oil NYMEX
Inability to move past $76 there are chances of recovery upticks.
Gold KG Jul
It is required to break above Rs 72600 to extend rallies. Else, weak bias is on the cards.
Silver KG Jul
Stiff support is placed at Rs 90200 which if cleared would extend weakness.
Crude Oil Jun
Mild recovery upticks expected as long as the support of Rs 6450 remain hold downside.
Natural Gas Jun
Recovery momentum is likely while the support of Rs 210 hold downside.
Copper Jun
While prices stay above Rs 870 it may trigger recovery rallies for the day
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Consistent trades below Rs 268 would trigger weakness for the day.
Lead Jun
Expect choppy with negative bias trading while prices places below Rs 192.
Aluminium Jun
A direct break above Rs 245 would see recovery upticks.
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