Commodity Intraday Technical Outlook 14 June 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
Mild recovery upticks can be seen initially. However, consistent trades below $2284 would trigger further liquidation.
Silver LBMA Spot
Consistent trades below $29 likely to trigger another round of selling pressure.
Crude Oil NYMEX
If unable to move past $79 expect choppy with weak momentum for the day.
Gold KG Aug
As long as Rs 71000 hold downside, expect recovery upticks.
Silver KG Jul
Intraday sentiment most likely choppy with negative. Further rallies expected only above Rs 90000.
Crude Oil Jun
Downbeat sentiment is on cards while prices are unable to break above Rs 6600.
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
A direct rise above Rs 262 likely to extend rallies. Else, weak bias expected the day.
Lead Jun
Expect choppy with negative bias trading while prices places below Rs 192. Aluminium Jun Inability to break the support of Rs 232 there are chances of recovery upticks for the day.
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