Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 01 June 2023 By Geojit Financial
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BULLION
Gold
Diverging MACD lines after bearish crossover suggest the possibility of weakness. However, a rebound above 60200 may strengthen prices.
Silver
A voluminous rebound above 71800 may strengthen the prices. Weakness may seen below 70800.
ENERGY
Crude Oil
Weakness expected continue if prices dip below 5540. Rebound above 5700 may induce mild positivity in the counter.
Natural Gas
Mild weakness expected to prevail. Mild positivity expected if the prices rebound above 195 region.
BASE METALS
Copper
Prices may appear firmer above 719. Dip below 709 may induce weakness.
Nickel
Thin volume trades seen.
Zinc
Rebounds above 210 may strengthen the prices. Extended dip below 206.40 may induce weakness.
Lead
Dip below 182.40 may extend weakness. Else, range bound trades may be seen holding the same support.
Aluminium
Rebound above 210.50 may strengthen the prices. Else range bound trades may be seen.
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