Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 19 December 2022 By Geojit Financial
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Gold
MACD Convergence still suggest sideways trend in prices. Range bound trades expected in the intraday. Rebounds may sustain only above 54600.
Silver
Range bound trades with mild negative bias expected in the intraday. Recovery momentum may strengthen above 68300.
Crude Oil
Intraday movement expected range bound. Recovery moves may sustain only above 6300 for intraday.
Natural Gas
Intraday trades expected to be range bound with mild negative bias. Rebounds above 525 may negate bearish expectations for the day. Whereas, extended dip below 501 may weaken the prices further.
Copper
Present rebound may sustain only above 710.60 region. Else, corrective dips may be seen.
Nickel
Thin volume trades seen.
Zinc
Mild negativity expected. Rebounds above 276.70 may negate bearish expectations for intraday.
Lead
Range bound trades expected. Rebound may sustain above 186.30. Weakness expected below 183.90
Aluminium
Intraday trades expected to be mild negative. Prices may appear firmer above 209.80.
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