Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 02 May 2023 By Geojit Financial
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BULLION
Gold
If prices extend fall below 59600, weakness may continue in the counter. Rebound may sustain only above 60500.
Silver
Weakness is expected only below 75100 region. Else range bound moves with mild rebounds may be seen in the intraday.
ENERGY
Crude Oil
Prices may appear weaker below 6060 region. Intraday rebound is possible only with gains above 6240 region.
Natural Gas
Prices may strengthen further above 204 region. Weakness expected below 187 region.
BASE METALS
Copper
Extended dip below 740 may weaken prices further. Holding the same support may induce mild rebounds.
Nickel
Thin volume trades seen.
Zinc
Weakness may continue in the intraday. However, a voluminous rebound above 235.50 may strengthen the prices for the day.
Lead
Extended gain above 185.70 may strengthen the prices. Weakness expected only with dip below 183.70.
Aluminium
Extended dip below 209.40 may weaken the prices. While, holding the same may induce mild rebounds as well.
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