Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 16 October 2024 - Geojit Financial Services Ltd
Gold
Prices expected to edge north bound in the current session. Fall below the support 75430 may induce a corrective fall.
Silver
Mild positivity may be witnessed in the current session. However, a dip below the SMA support 90870 region can trigger weakness.
Crude Oil
Prices expected to move southbound. However, a voluminous rebound above SMA resistance may offer some upside room in the current session.
Natural Gas
MACD bearish divergence suggest the prevalence of weakness. However, if trades sustain above the EMA support at 206.90, prices may exhibit mild rebounds
Copper
Sturdy move above SMA resistance at 832 region can offer further upside room for prices. Inability to breach the same resistance can induce mild correction.
Nickel
Lack of volume in the counter
Zinc
Intraday trades expected to be north bound. However, a voluminous dip below 282.70 region may induce mild correction.
Lead
Range bound trades may be expected. Prices may strengthen above EMA resistance of 184.90 region.
Aluminium
Range bound trades expected to witness. Prices may strengthen only if the trades sustain above 238.10 region.
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