Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 11 August 2023 By Geojit Financial
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Bullion
Gold
58300 is the immediate support and a voluminous fall below the same may weaken sentiments. On the upside a voluminous rise above 59900 is required for sentiments to improve
Silver
MACD bearish divergence suggest prevalence of weakness in the counter. Nevertheless, a voluminous rebound above 71000 may strengthen the prices.
ENERGY
Crude Oil
Mild positivity expects in the counter. However, corrective dips to 6800 ranges may not be ruled out.
Natural Gas
Weakness may persist if prices dip below 230.50 region. Steady gains above 236 may strengthen the prices.
BASE METALS
Copper
Extended dip below 720 region may weaken the prices. Holding the same level may induce mild rebounds.
Nickel
Thin volume trades seen
Zinc
Mild weakness expected in the intraday. Rebound may sustain only above 221 region.
BASE METALS
Lead
Weakness may be seen if prices dip below 183 region. Else, range bound moves may be seen.
Aluminium
Fall below 198 region may induce further weakness. Voluminous trades above 202.90 region may strengthen the prices.
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