Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 11 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 continue as long as trades sustain below 75080 region. Whereas a voluminous rebound above the same may strengthen the prices.
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
Weakness may extend if prices dip below 734.20. Steady recovery above 747.40 may strengthen prices.
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Range bound trades with mild weakness may be seen in the intraday. Whereas a rebound above 238.60 may strengthen the prices for the day.
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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