Commodity Intraday Technical Outlook 18 June 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Intraday bias mostly choppy. Stiff support is placed at $2284 break of which would trigger liquidation.
Silver LBMA Spot
A direct rise above $29 likely to extend upticks. Else, choppy trades expected the day.
Crude Oil NYMEX
Consistent trades above $80 would extend recovery rallies.
Gold KG Aug
Any trades below Rs 71200 would extend selling pressure.
Silver KG Jul
Consistent trades below Rs 88000 would see further selling pressure. Else, there are chances of recovery upticks.
Crude Oil Jun
Upbeat sentiment is likely while prices stays 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
Break above Rs 260 is needed to extend recovery upticks. Else, corrective selling is on the cards.
Lead Jun
Expect recovery rallies as long as the support of Rs 186 hold downside.
Aluminium Jun
A direct break below Rs 231 may see extension of liquidation pressure. Else, rallies are likely.
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