Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1Aug 2023 By - Geojit Financial
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BULLION
Gold
Range bound trades expected in the intraday. Dip below 59250 may induce weakness, whereas a surge above 60200 may strengthen the prices as well.
Silver
MACD convergence suggest sideways trend in the counter. Gains above 74800 may strengthen the prices further. Weakness may be seen below 74200 region
ENERGY
Crude Oil
MACD divergence suggest mild positivity. Extended gains above 6720 region may strengthen the prices further. Whereas, a dip below 6630 may weaken the prices for the day
Natural Gas
Prices may strengthen above 225 region. Else, corrective dip may witness with dips below 218.
BASE METALS
Copper
Prices may strengthen above 758 region. Whereas, corrective moves below 749 region may induce weakness.
Nickel
Thin volume trades seen
Zinc
Prices may strengthen above 228.90 region. Weakness expected if prices slip below 225
Lead
Sturdy gains above 185.40 may strengthen the prices. Weakness expected below 183.
Aluminium
Steady gains above 204.80 region may strengthen the prices. Weakness expected if prices slip below 202.30 region.
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