Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 14 August 2023 By Geojit Financial
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Bullion
Gold
Prices may appear weaker below 58300 region. On the upside, a voluminous rise above 58900 may improve momentum.
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 is still expected 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 217 region.
BASE METALS
Lead
Weakness may be seen if prices dip below 182 region. Else, range bound moves may be seen.
Aluminium
Mild weakness may be seen in the day. Voluminous trades above 199.50 region may strengthen the prices.
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