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05-04-2023 06:01 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 May 2023 By Geojit Financial
News By Tags | #473 #4943

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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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