Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 03 October2022 By Geojit Financial
GOLD M MCX Nov
Prices have been approaching towards the upside hindrance of 50450 region, which if breaks could see further rallies. Else hold the same for prices to turn lower to 49900 region.
SILVER M MCX Nov
Ensuing buying sentiments largely to continue towards the Bollinger upper band level of 58980 region or even more. But a corrective fall below 57200 may push prices lower.
CRUDEOIL MCX Oct
Prices need to challenge above the upside hindrance of 6860 region to initiate further buying in the session ahead. Else could anticipate a dip towards 6720.
NATURAL GAS MCX Oct
Weakness may persist towards the downside objective of 532 or even lower. Even in this bearish expectation, recovery trades above 565 may induce fresh recovery move.
Copper MCX Oct
As long as prices remain above the downside hindrance of 636 region could expect further buying in the session ahead. Although a corrective fall below the same may dent our buying expectation.
NICKEL MCX Oct
Consolidation likely to persist in the session ahead.
Zinc MCX Oct
Current feebleness of prices may extend towards the downside objective of 267 or even lower. But recovery trades above 273 may be sign of prices to rally higher.
Lead MCX Oct
Dip below 176.40 may induce fresh selling in the session ahead. Else hold the same for prices to retreat higher towards the upside objective of 180 or even higher.
Aluminium MCX Oct
By breaking the downside hindrance of 189.80 could extend weakness in the session ahead. Which if remain undisturbed could push prices to 195.80 region
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