19-06-2024 10:34 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 19 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

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.

 

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