Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 September 2023 By Geojit Financial
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Bullion
Gold
Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59600 may strengthen the prices. Dip below 59000 may induce weakness.
Silver
Extended dip above 74400 may weaken the prices. Rebound may sustain only below 75300 region.
ENERGY
Crude Oil
MACD Bullish crossover suggest possible uptrend. Sustained trades above 7030 may strengthen the prices further. However, a dip below 6960 may induce weakness as well.
Natural Gas
Mild weakness may be seen as long as trades sustain below 228 region. Conversely, a steady rebound above the same may strengthen the prices as well.
BASE METALS
Copper
Range bound moves expected in the counter. Prices may appear firmer above 743 region. Slip below 733 may weaken the prices as well.
Nickel
Thin volume trades seen.
Zinc
Prices may appear firmer above 221.50 region. Whereas, dip below 218.80 may induce weakness.
BASE METALS
Lead
Prices may strengthen above 190.80 region. Weakness may be seen if prices dip below 186 region.
Aluminium
Extended gains above 203.50 region may strengthen the prices. Dip below 200 may induce weakness as well.
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