Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 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 below 73200 may weaken the prices. Rebound may sustain only above 74000 region
ENERGY
Crude Oil
MACD Bullish divergence suggest mild positivity. However, an unexpected dip below 7120 may induce weakness.
Natural Gas
Prices may appear firmer above 219 region. A dip below 210 may induce weakness 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 189.70 region. Weakness may be seen if prices dip below 186 region.
Aluminium
Sturdy gains above 203.50 region may strengthen the prices. Whereas, a dip below 200 may induce weakness.
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