Commodity Intraday Technical Outlook 28 June 2024 - Geojit Financial Services Ltd
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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