Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 10 November 2022 By Geojit Financial
BULLION
GOLD
Break above the upside hindrance of 51750 region could boost prices higher. However, If the above-mentioned region remain undisturbed may eventually push prices lower.
SILVER
Decisive trades which settle above 62500 could trigger fresh price rally in the upcoming session. Failed to activate such trades may push down prices lower in the later session.
CRUDEOIL
Recovery trades above the upside hindrance of 7130 region would be a sign of prices recovery. Else could expect previous session weakness to continue.
NATURAL GAS
Consecutive days of weakness likely to intact and possibly to extend towards the downside objective of 460 or even more. But there is equal plausible chance of recovery once prices settled above 494 region.
COPPER
Intraday move is expected to be south bound with in an immediate objective of 671 followed by 665 region. But rebounding trades above 685 could lift prices higher.
NICKEL
Consolidation largely to live up with limited trades.
ZINC
Witnessing weakness may stretch lower towards the downside objective of 252.80 or even lower. Even in this bearish note, recovery move which sustain above 261 could lift prices higher.
LEAD
Intraday price rally may be seen only above 181.50 region. Inability to activate such trades could squeeze down prices to 179.40 region.
ALUMINIUM
Weakness may persist towards the downside objective of 199.40 followed by 197.50. Even in this weak bias, recovery trades above 204.30 may lift prices higher.
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