Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 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 59500 may strengthen the prices. Dip below 58900 may induce weakness.
Silver
Extended dip below 71700 may weaken the prices. Rebound may sustain only above 73000 region.
ENERGY
Crude Oil
MACD Bullish divergence suggest mild positivity. However, to extend gains, prices need to break above the 7320 region. A dip below 7130 may induce weakness as well.
Natural Gas
Rebound in prices may strengthen above 214 region. An extended dip below 204 may weaken the prices further.
BASE METALS
Copper
Mild weakness expected in the counter. Prices may appear firmer above 732 region.
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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