Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1 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
MACD Bullish divergence suggest with mild positive sentiments in the counter. Extended gains above 76500 may strengthen the prices further. Intraday weakness may be seen only below 75600 region.
ENERGY
Crude Oil
Extended gains above 7060 may strengthen the prices further. However, a dip below 6890 may induce weakness as well.
Natural Gas
Mild weakness may be seen as long as trades sustain below 231 region. Conversely, a steady rebound above the same may strengthen the prices as well.
BASE METALS
Copper
Range bound moves expected in the counter. Prices may appear firmer above 749 region. Slip below 734 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 190.80 region. Weakness may be seen if prices dip below 186 region.
Aluminium
Extended gains above 205.40 region may strengthen the prices. Dip below 202.10 may induce weakness as well.
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