Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 05 September 2022 By Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BULLION
GOLD
Prices yet to take off above the upside hindrance of 50750 region to persist present recovery. Failed to activate such move may bid further weakness.
SILVER
Present price recovery move likely to stretch higher towards the upside objective of 54800 or even higher. But a corrective dip below 53600 may dent our buying expectation.
CRUDEOIL
Intraday move largely to be south bound if prices stay below 7240 region. Although determined trades above the same may bid fresh buying in the session ahead.
NATURAL GAS
Present recovery move less likely to sustain unless prices claimed above 734 region and such weakening trades may push prices to 690 region.
BASE METALS
Copper
A major price rally may be seen only by solid trades above 644 region. Inability to close above the same may eventually push down prices lower to 630 or even lower.
NICKEL
Consolidation largely to continue with marginal trades.
Zinc
Price recovery which sustain above 294 may invite fresh recovery move in the session ahead. Else could persist broad weakness in today’s session as well.
Lead
Decisive trades above 177.40 could boost up prices higher. Failed to achieve trades above the same may squeeze down prices lower.
Aluminium
As long as prices remain above the downside hindrance of 201.70 region could expect further recovery in the session ahead. But slippage below the same may grab prices lower.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
