Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 18 July 2023 By Geojit Financial
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BULLION
Gold
MACD bullish divergence suggest mild positivity. However, unexpected dip below 58700 may induce weakness in the counter for the day.
Silver
Mild positivity is expected in the day. Whereas, a dip below 74600 may weaken the prices as well.
ENERGY
Crude Oil
Steady gains above 6180 may strengthen the prices for intraday. Whereas, an extended dip below 6050 may induce weakness.
Natural Gas
Rebound expected only above 215 region. Else, prices may witness further dips for the day.
BASE METALS
Copper
Mild weakness expected in the intraday. Unexpected rebound above 729 may strengthen the prices for the day.
Nickel
Thin volume trades seen.
Zinc
Intraday trades expected to continue towards lower. However, a voluminous rebound above 216.70 may strengthen the prices.
BASE METALS
Lead
Range bound trades may be seen. Rebound above 183.30 may strengthen the prices. Weakness expected below 180.50.
Aluminium
Mild weakness may be seen in today’s session. Weakness expected to continue if trades extend below 198 region. Rebound may be seen only above 200 region.
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