28-06-2024 09:06 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 28 June 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Consistent trades above $2360 would extend rallies. Else, weakness is on the cards.

Silver LBMA Spot

A direct drop below $28.50 may extend weak bias. Else, choppy trades expected the day.

Crude Oil NYMEX

Buying interest likely to continue while prices stay above $81.

Gold KG Aug

Stiff support is seen at Rs 70600 break of which would extend selling pressure. Else recovery upticks expected the day.

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 235 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

A direct drop below Rs 228 may extend selling pressure. Else, recovery rallies expected the day.

 

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