Commodity Intraday Technical Outlook 25 June 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
While above $2280 short term trend remains choppy with mild positive side.
Silver LBMA Spot
Prices most likely congested inside $31.50-38.50 levels and either side breakout would suggest fresh directions.
Crude Oil NYMEX
Upticks likely to continue while prices stay above $80. Immediate downside reversal point is at $72.
Gold KG Aug
Any trades below Rs 71200 would trigger selling pressure. Else, it may continue upticks.
Silver KG Jul
A direct rise above Rs 92000 would trigger fresh rallies. Else, choppy trades expected the day.
Crude Oil Jul
Break below Rs 6700 prices may liquidate further. Else, there are chances of recovery rallies.
Natural Gas Jun
Choppy with weak trades are likely. It is required to break above Rs 258 to extend rallies.
Copper Jul
If the support of Rs 842 remain undisturbed, expect recovery rallies for the day.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
Break above Rs 264 is needed to extend recovery upticks. Else, corrective selling is on the cards.
Lead Jul
Consistent trades above Rs 190 is required to extend rallies.
Aluminium Jul
Stiff support is at Rs 228 break of which would extend selling pressure. Else recovery rallies are on cards.
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