Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 03 January 2022 By Geojit Financial
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BULLION
Gold
Intraday trades expected to be north bound as long as trades sustain above 54900. Weakness expected only below the same region for intraday.
Silver
Break above 71000 region may strengthen prices further. Intraday weakness may seen below 69900.
ENERGY
Crude Oil
MACD bullish divergence suggest possibility of further gains. Intraday weakness may be seen only below 6550.
Natural Gas
MACD Bearish divergence suggest mild weakness in prices while an extended dip below 333 may weaken the prices. However, a rise above 359 may induce mild rebounds.
BASE METALS
Copper
Intraday move expected to be range bound. Unexpected dip below 715 may weaken the prices.
Nickel
Thin volume trades seen.
Zinc
Range bound trades expected in the intraday. Weakness may be seen below 266.
Lead
Moderate rebounds expected. Weakness seen below 186.20.
Aluminium
Range bound trades may be seen. Break below 207.20 may weaken the prices.
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