Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 19 April 2023 By Geojit Financial
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BULLION
Gold
If prices extend fall below 59550, weakness may continue in the counter. Rebound is possible only above 60300.
Silver
Weakness expected to continue if prices dip below 73800. Else, range bound trades may be expected.
ENERGY
Crude Oil
Weakness may extend if prices dip below the 6480. Rebound possible only above 6620 region.
Natural Gas
Prices may strengthen further above 198 region. Weakness expected below 186 region.
BASE METALS
Copper
Extended dip below 765.20 may weaken prices further. Holding the same support may induce mild rebounds.
Nickel
Thin volume trades seen.
Zinc
Mild weakness may be witnessed in the intraday. However, a voluminous rebound above 254.10 may strengthen the prices.
BASE METALS
Lead
Rebound may sustain above 184.40. Weakness expected below 181.30.
Aluminium
Extended gains above 214.50 may strengthened the prices further. Dip below 211.40 may induce intraday weakness.
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