Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 26 May 2023 By Geojit Financial
BULLION
Gold
Diverging MACD lines after bearish crossover suggest the possibility of weakness. However, a rebound above 60200 may strengthen prices for the day.
Silver
Range bound trades expected in the intraday. Whereas a voluminous rebound above 71400 may strengthen the prices.
ENERGY
Crude Oil
Prices would appear if rebounds sustain above 6040 region. Weakness expected if prices dip below 5910.
Natural Gas
Weakness may seen if prices sustain below 206. Rebound expected if prices rebound above the same.
BASE METALS
Copper
Prices may appear firmer above 714. Weakness expected below 702
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Extended gains above 212 could strengthen the prices for the day. Weakness may seen below 207.
Lead
Range bound trades expected. A voluminous rebound above 185.70 may strengthen the prices.
Aluminium
Rebound above 210.50 region may strengthen the prices. Dip below 205.40 may weaken the prices.
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