Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 12 June 2023 By Geojit Financial
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BULLION
Gold
A rebound above 60300 may strengthen prices. Meanwhile, a voluminous dip below 59300 may induce weakness as well.
Silver
MACD bullish crossover suggest mild positivity. However, an voluminous dip below 73000 region may weaken the counter.
ENERGY
Crude Oil
Dip below 5560 region may induce further weakness in the counter. Voluminous trades above 5700 may strengthen the prices as well.
Natural Gas
Weakness expected as long as trades sustain below 188 region. A voluminous rebound above the same may strengthen the prices.
BASE METALS
Copper
Prices may appear firmer above 726 region. Dip below 719 may induce weakness.
Nickel
Thin volume trades seen
Zinc
Extended dip below 211.60 region may induce weakness. Else, rebound may be seen if the same support is held.
Lead
Steady moves above 183.70 may strengthen the prices. Else, range bound moves may be seen.
Aluminium
Weakness may extend if prices dip below 203.50. Mild rebounds may be seen if prices hold the same support.
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