Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 May 2023 By Geojit Financial
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BULLION
Gold
Prices expected to display mild positive bias in the intraday. A dip below 60400 may consider as early sign of weakness.
Silver
Further gains possible above 77700 region. Weakness is expected only below 76400 region.
Crude Oil
Prices may appear weaker below 5630 region. Intraday rebound is possible only with recovery above 5750 region.
Natural Gas
Weakness may extend below 176 region. Rebounds would sustain only above 185.
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 may strengthen the prices. Weakness expected only with dip below 182.40.
Aluminium
Further weakness may see below 205.50. While, holding the same may induce mild rebounds
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