Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 16 June 2023 By Geojit Financial
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BULLION
Gold
Present rebound expected to sustain during intraday. Weakness may be seen only below 58600.
Silver
Mild rebounds possible as long as trades sustain above 72100 region. Weakness expected only with corrective dips below the same level.
ENERGY
Crude Oil
Extended gains above 5840 may strengthen the prices further. Weakness expected if corrective moves extend below 5730 region.
Natural Gas
Mild positivity is expected in the counter. Weakness expected only below 206.50 region.
BASE METALS
Copper
Prices expected to trade with mild positive bias. Dip below 725 may induce weakness.
Nickel
Thin volume trades seen.
Zinc
Trades may extend near to 226.60 region, above which prices may appear further firmer. Whereas, corrective dips may also be seen if prices failed to break the same resistance.
BASE METALS
Lead
Mild positivity may be seen in the counter. Dip below 184 may induce weakness.
Aluminium
Steady move above 207 region would strengthen prices. Corrective dip below the trend line support of 203.60 may induce weakness.
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