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09-07-2023 06:02 PM | Source: Geojit Financial Services
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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