Commodity Intraday Technical Outlook 19 June 2024 - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold LBMA Spot
Intraday bias mostly choppy. Stiff support is placed at $2284 break of which would trigger liquidation.
Silver LBMA Spot
Consistent trades above $29 likely to extend upticks. Else, choppy trades expected the day.
Crude Oil NYMEX
Upticks likely to continue while prices stay above $80. Immediate downside reversal point is at $72.
Gold KG Aug
Recovery upticks are on cards. Any trades below Rs 71200 would extend selling pressure.
Silver KG Jul
There are chances of recovery upticks if prices are unable to move past Rs 88000.
Crude Oil Jun
Upbeat sentiment is likely to continue while prices stays above Rs 6600.
Natural Gas Jun
Upbeat bias is expected initially. However, it is required to break above Rs 258 to extend rallies.
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
A direct rise above Rs 190 would extend rallies. Else, weakness is on the cards.
Aluminium Jun
Consistent trades below Rs 230 may see extension of liquidation pressure. Else, rallies are likely.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
