Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 12 July 2023 By Geojit Financial
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BULLION
Gold
MACD bullish divergence suggest mild positivity. However, unexpected dip below the trend line support of 58200 may induce weakness in the counter for the day.
Silver
Steady gain above 71600 may strengthen the prices. Wheares,a dip below 70700 may weaken the prices as well
Cruide oil
MACD bullish divergence suggest positivity in the counter. Wheres,a dip below 6110 may induce weakness for the dya.
Natural gas
Range bound moves expected.A dip blow 221 region may induce mild weakness. Steady gains above 224 may strengthen the prices for the day.
Copper
intraday move expected to be downward. Extended dip below the support of 717 region may strengthen the prices as well.
Nickel
Thin volume trades seen.
Zinc
intraday trades expected to bring the prices lower. However,a voluminous trades above the trend line resistance of 216.20 region may strengthen the prices.
Lead
Range bound trades may be seen. Rebound above 183.30 may strengthen the prices.weakness expected below 180.50
Aluminium
Extended gains above 198.30 would strengthen the prices. Else mild corrective moves may be seen.
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