Commodity Intraday Technical Outlook 27 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
Immediate support it seen at $80 which remain hold, expect recovery rallies for the day.
Gold KG Jul
Stiff support is seen at Rs 70600 break of which would extend selling pressure.
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 245 to trigger recovery rallies.
Copper Jul
Break below Rs 835 likely to extend liquidation pressure. Else, recovery upticks are on cards.
Nickel Jul
Expect choppy with thin volume trading in the near future.
Zinc Jul
While above Rs 264 it may extend recovery upticks. Else, corrective selling is on the cards.
Lead Jul
Consistent trades above Rs 190 is required to extend rallies.
Aluminium Jul
Inability to move past Rs 229 expect mild recovery upticks for the day.
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