Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 03 May 2023 By Geojit Financial
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BULLION
Gold
Prices expected to display mild positive bias in the intraday. A dip below 60100 may consider as early sign of weakness.
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 5700 region. Intraday rebound is possible only with recovery above 5820 region.
Natural Gas
Prices may appear weaker below 180 region. Rebounds would sustain only above 187.
BASE METALS
Copper
Voluminous dip below 731 may weaken prices further. Else, range bound trades may be witnessed.
Nickel
Thin volume trades seen.
Zinc
A voluminous rebound above 235.50 may strengthen the prices for the day. Dip below 230.40 may induce weakness.
Lead
Extended gain above 185.70 may strengthen the prices. Weakness expected only with dip below 183.70.
Aluminium
Extended dip below 208 may weaken the prices. While, holding the same may induce mild rebounds.
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