Commodity Intraday Technical Outlook 06 June 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Expect recovery upticks while the support of $2325 hold downside.
Silver LBMA Spot
Intraday momentum mostly on the positive side while prices stay above $30.
Crude Oil NYMEX
If the support of $72 remain hold, expect recovery upticks for the day.
Gold KG Aug
As long as prices stay above Rs 72500 would extend rallies. Else, corrective selloffs are likely.
Silver KG Jul
Choppy with mild positive bias expected the day. Immediate downside reversal point is seen at Rs 88000.
Crude Oil Jun
Upbeat sentiment is on cards while prices stay above Rs 6000.
Natural Gas Jun
Prices remain range bound inside Rs 240-210 levels with mild negative bias.
Copper Jun
Expect upticks while prices stay above Rs 880. 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
Consistent trades above Rs 240 recovery rallies most likely for the day.
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