Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 10 May 2023 By Geojit Financial
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BULLION
Gold
Range bound trades with mild positive bias expected in the intraday. A dip below 60400 may consider as early sign of weakness.
Silver
Weakness is expected to extend if prices dip 76400 region. Else, range bound trades may be seen.
ENERGY
Crude Oil
Weakness may sustain unless prices break above 6060 region. A voluminous break above the same region may strengthen the prices.
Natural Gas
Rebounds above 195 may strengthen the prices. Weakness may seen below 176.
BASE METALS
Copper
Steady rebound above 753.50 region may strengthen the prices. Weakness my seen if prices dip below 742.20.
Nickel
Thin volume trades seen
Zinc
Mild weakness may be seen in the intraday. Whereas a rebound above 238.20 may strengthen the prices for the day.
BASE METALS
Lead
Extended gain above 185.70 may strengthen the prices. Weakness expected only with dip below 183.70.
Aluminium
Prices may appear firmer above 210.50 region. Weakness expected below 207.20.
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