What Next ??? - June 25, 2022

Jyothi Kolagatla Senior Research Analyst sQuareindia Advisory
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Gold :  

15 responded this week, 6 see prices up, while 6 see prices down, and 3 see prices unchanged. especially Trading range will be between $1801-$1862 levels.

S1:1820.45 S2:1812 S3:1801.45
R1:1835.50 R2:1844 R3:1862.50

Silver :  

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $20.02-$22.75 levels.

S1:20.80 S2:20.43 S3:20.02
R1:21.47 R2:21.99 R3:22.75

Crude :  

14 of 20 analysts, forecast Crude Oil will rise in next week. 1 respondents predicted that futures will be little changed and 5 said the contract will rise.

S1:106.24 S2:104.91 S3:102.83
R1:108.42 R2:109.63 R3:111.04

Copper :  

8 of 20 analysts, investors and traders surveyed, said the metal will fall next week. while 10 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 660.70-720.50 levels.

MCX Gold AUG :  

Now support for the Gold is seen at 50389 and below could see a test of 50044-49685 Resistance is now likely to be seen at 50971 a move above could see prices testing 51252-51563.

S1:50389 R2:50044 R3:49685
R1:50971 S2:51252 S3:51563

MCX Silver JUL :  

Now support for the silver is seen at 59212 and below could see a test of 58549-57250 Resistance is now likely to be seen at 60412 a move above could see prices testing 61049-62950.

S1:59212 S2:58549 S3:57250
R1:60412 R2:61049 R3:62950

MCX Crude Oil JUN :  

Now support for the Crude is seen at 8240 and below could see a test of 7814. Resistance is now likely to be seen at 8455, a move above could see prices testing 8581-8756

S1:8240 S2:8102 S3:7814
R1:8455 R2:8581 R3:8756

MCX Copper JUN :  

Now support for Copper is seen at 685.50 and below could see a test of 678.55-651.70. Resistance is now likely to be seen at 696.85, a move above could see prices testing 708.40-733.55

S1:685.50 S2:678.55 S3:651.70
R1:696.85 R2:708.40 R3:733.55

MCX Nickel JUN :  

Now support for the Nickel is seen at 2050.65 and below could see a test of 1830.80-1686.25 Resistance is now likely to be seen at 2265.20, a move above could see prices testing 2401.95-2689

S1:2050.65 S2:1830.80 S3:1686.25
R1:2265.20 R2:2401.95 R3:2689

MCX NG JUN :  

Now support for the Natural Gas is seen at 475.75 and below could see a test of 462.80-453.25. Resistance is now likely to be seen at 498.70, a move above could see prices testing 509.95-530.80

S1:475.75 S2:.462.0 S3:453.25
R1:498.70 R2:509.95 R3:530.80

JUN 27th :

Pending Home Sales m/m:
Previous: -3.9k Forecast: -3.5k
Actual > Forecast is good for Dollar

JUN 28th :

CB Consumer Confidence :
Previous: 106.4 Forecast: 100
Actual > Forecast is good for Dollar

JUN 30th :

Core PCE Price Index m/m:
Previous: 0.3% Forecast: 0.5%
Actual > Forecast is good for Dollar

JUN 30th :

Unemployment Claims :
Previous: 235k Forecast: 230k
Actual < Forecast is good for Dollar

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