Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 09 January 2022 By Geojit Financial
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BULLION
Gold
Sustained trades above 55250 may strengthen the prices. Major weakness expected only below 54930 region for intraday.
Silver
Break below 67300 region may weaken prices further. Major recovery expected only above 71300.
ENERGY
Crude Oil
Intraday trades expected to be north bound, and extended gains above 6370 may strengthen prices further. Whereas a dip below 6190 may induce intraday weakness.
Natural Gas
Intraday recovery moves is possible. Extended move above 332 may strengthen the prices. However, prices need to break below 297 region to extend next phase of weakness.
BASE METALS
Copper
Rebound above 760 region may strengthen the prices further, while dip below 741 may induce intraday weakness.
Nickel
Thin volume trades seen.
Zinc
Intraday trades expected to be north bound. Corrective dips expected below 267.
Lead
Range bound trades expected. Prices may appear firmer above 190.50. Weakness may be seen below 186.20.
Aluminium
Range bound trades with mild positive bias expected. Weakness expected only below 205.60.
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