Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 February 2023 By Geojit Financial
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Gold
Range bound moves expected in the intraday. Rebounds above 57200 may strengthen prices for the day
Silver
Mild negativity may seen as long as trades sustain below 68300 region. Rebound above the same level may induce mild rebounds as well.
Crude Oil
Rebound move may sustain in the counter, and prices may strengthen further above 6350 region. Voluminous break below 6130 may weaken prices for the day.
Natural Gas
MACD convergence suggest possibility of range bound trades. Recovery is expected to sustain only above 217.80 resistance.
Copper
Weakness may continue below 760.50. Recovery moves may sustain only above 774.70.
Nickel
Thin volume trades seen.
Zinc
Weakness may extend below 273.50 region. Rebound above 279 may strengthen prices for intraday.
Lead
Range bound trades may seen in the prices. Rebound above 188 may strengthen prices for intraday.
Aluminium
Trades with mild negative bias may see in the intraday. Recovery moves expected only above 223.80.
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