Commodity Intraday Technical Outlook 05 June 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Prices remain choppy initially and if it clears $2310 would drag prices lower.
Silver LBMA Spot
While prices stay below $30 there are chances of more liquidation pressure. Else, recovery upticks are on cards.
Crude Oil NYMEX
If the support of $72 remain hold, expect recovery upticks for the day.
Gold KG Aug
Further rallies expected only above Rs 72400. Inability to break it would see choppy with corrective selling.
Silver KG Jul
Pullback rallies expected only above Rs 93000. Else, may see prices liquidating further.
Crude Oil Jun
Further liquidation is seen only below Rs 6000. Inability to break it may see recovery upticks.
Natural Gas Jun
Expect a broad rage bound trade inside Rs 240-210 levels in the immediate run.
Copper Jun
Inability to move past Rs 876 there are chance of selling pressure to continue the day.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Intraday sentiment mostly choppy while prices stay below Rs 265.
Lead Jun
Expect choppy with negative bias trading while prices places below Rs 192.
Aluminium Jun
As long as Rs 240 hold downside, expect recovery upticks for the day
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