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05-02-2023 05:28 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 02 May 2023 By Geojit Financial
News By Tags | #473 #4943

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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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