Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 18 May 2023 By Geojit Financial
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BULLION
Gold
Slip below 59600 may extend weakness. Rebound may sustain above 60550.
Silver
Weakness is expected to continue with dips below 72000 region. Whereas a voluminous rebound above 73100 may strengthen the prices.
ENERGY
Crude Oil
A voluminous break above 6060 region may strengthen the prices further. Weakness expected only below 5910.
Natural Gas
Extended gains above 203 may strengthen the prices. Weakness may seen if prices dip below 190.
BASE METALS
Copper
Voluminous rebound above 727 may strengthen prices further. Intra day weakness may extend below 716.90 region.
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Range bound trades may be seen. A rebound above 228.20 may strengthen the prices for the day.
Lead
Steady gains above 185.70 may strengthen the prices. Weakness expected only with dip below 182.40.
Aluminium
Rebound above 210.50 region may strengthen the prices. Weakness expected below 205.40.
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