Commodity Intraday Technical Outlook 12 June 2024 - Geojit Financial Services Ltd
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Gold LBMA
Spot Intraday bias mostly choppy with mild negative. Anyhow, stiff support is placed at $2284.
Silver LBMA
Spot Break below $29 likely to trigger another round of selling pressure. Else, recovery rallies possible.
Crude Oil NYMEX
If the support of $75 remain hold, expect recovery upticks for the day.
Gold KG Aug
Any trades below Rs 71200 would extend selling pressure.
Silver KG Jul
Initial bias mostly choppy. Consistent trades below Rs 88000 would see further selling pressure.
Crude Oil Jun
Upbeat sentiment is on cards while prices stay above Rs 6300.
Natural Gas Jun
It is required to break above Rs 258 to extend rallies. Else, weakness is on the cards.
Copper Jun
As long as Rs 850 hold downside, expect choppy with recovery upticks for the day.
Nickel Jun
Expect choppy with thin volume trading in the near future.
Zinc Jun
Choppy trades ahead but a direct drop below Rs 250 would trigger further weakness.
Lead Jun
Expect choppy with negative bias trading while prices places below Rs 192.
Aluminium Jun
Break below Rs 233 may see another round of liquidation. Else, recovery upticks expected the day.
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