Commodity Intraday Technical Outlook 21 June 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
Intraday bias mostly choppy with mild positive. Stiff support is placed at $2284.
Silver LBMA Spot
Mild positive outlook remain intact as long as $30 hold downside.
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 positive bias expected the day. Any trades below Rs 71200 would trigger selling pressure.
Silver KG Jul
Recovery rallies would continue if prices are unable to move past Rs 88000.
Crude Oil Jul
Break above Rs 6800 may lift prices further higher. Else, prices remain choppy.
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
While prices stay above Rs 230 it may extend rallies. Else, choppy trades are on the cards.
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