Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 October 2024 - Geojit Financial Services Ltd
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Gold
Positivity expected to prevail in the counter. Fall below the support of 75780 can induce corrective dips.
Silver
Mild positivity expected to prevail in the current session. Dip below 92050 region can induce correction.
Crude Oil
MACD Bullish divergence suggest possibility of uptrend. Slip below 6210 may induce mild weakness.
Natural Gas
MACD Bullish divergence suggest mild positivity. Sustained trades above trend line resistance can extend northward moves. Inability to move above the same can induce correction.
Copper
A voluminous dip below 850 can trigger weakness. Holding the same support can induce rebounds as well.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias expected. Fall below 285.10 region can induce weakness.
Lead
Extended gains above 187 region can offer further upside for prices. Weakness may be seen below 185.60 region.
Aluminium
Prices may appear firmer above 244.30 region. Fall below 240.90 may extend downward move
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