Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 18 August 2023 By Geojit Financial
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BULLION
Gold
MACD Bearish divergence suggest possibility of weakness. Prices may appear weaker as long as trades sustain below 58500 region.
Silver
MACD bearish divergence suggest prevalence of weakness in the counter. Nevertheless, a voluminous rebound above 70600 may strengthen the prices.
ENERGY
Crude Oil?
MACD Bearish crossover suggest possibility of weakness . Dip below 6550 ranges may extend the fall. Rebound above 6720 may offer may strengthen the prices as well.
Natural Gas
Weakness may persist if trades sustain below 222 region. Steady gains above the same level may strengthen the prices as well.
BASE METALS
Copper?
Voluminous rebound above 727 may strengthen the prices. Holding the same level may induce corrective dips.
Nickel
??????Thin volume trades seen.
Zinc
Range bound moves expected in the intraday. Rebound may sustain only above 212 region.
Lead
Range bound moves may be seen. Prices may strengthen only above 184.90 region. Weakness may be seen if prices dip below 182 region.
Aluminium
Voluminous trades above 199.50 region may strengthen the prices. Dip below 195.80 may induce weakness as well.
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