Commodity Intraday Technical Outlook 26 June 2024 - Geojit Financial Services Ltd
Gold LBMA Spot
While above $2280 short term trend remains choppy with mild positive side.
Silver LBMA Spot
A direct drop below $28.50 may extend weak bias. Else, recovery rallies are on the cards.
Crude Oil NYMEX
As long as $80 remain hold downside, expect recovery rallies for the day. Immediate downside reversal point is at $72.
Gold KG Jul
Consistent trades below Rs 71500 would trigger selling pressure. Else, it may continue upticks.
Silver KG Jul
While below Rs 88000 outlook remains on the weaker side. Stiff resistance at Rs 92000.
Crude Oil Jul
Further rallies expected only above Rs 6850. If not, may see weak bias for the day.
Natural Gas Jul
Choppy with weak trades are likely. It is required to break above Rs 258 to extend rallies.
Copper Jul
Weak bias likely to extend the day. Break above Rs 848 would trigger recovery rallies.Weak bias likely to extend the day. Break above Rs 848 would trigger recovery rallies.
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
While below Rs 230 weak outlook likely to see in the counter.
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