Commodity Intraday Technical Outlook 20 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
Recovery upticks are likely while prices stays above $29. 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
Choppy with mild rallies expected the day. Any trades below Rs 71200 would extend selling pressure.
Silver KG Jul
Recovery rallies would continue if prices are unable to move past Rs 88000.
Crude Oil Jul
Upbeat sentiment may continue while prices stays above Rs 6600.
Natural Gas Jun
Choppy trades are likely. 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
As long as Rs 230 hold downside, expect recovery rallies in prices. Else, choppy trades ahead.
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