Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 20 July 2023 By Geojit Financial
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BULLION
Gold
MACD bullish divergence suggest the prevalence of positivity. However, unexpected dip below 59300 may induce weakness in the counter for the day.
Silver
MACD bullish divergence suggest positivity in the counter. Whereas, a dip below 75250 may weaken the prices as well.
ENERGY
Crude Oil
Extended dip below 6140 may weaken the prices. Whereas, a rebound above 6240 may strengthen the prices for the day.
Natural Gas
Extended gains above 221 region would strengthen the prices. Else, prices may witness corrective dips for the day holding the same level.
BASE METALS
Copper
Prices may appear firmer above 741 region on the trend line. Weakness expected below 725 region.
Nickel
Thin volume trades seen.
Zinc
Extended gains above 217.60 may strengthen the prices. Weakness expected only below 211.40.
BASE METALS
Lead
Range bound trades may be seen. Rebound above 183.30 may strengthen the prices. Weakness expected below 180.50.
Aluminium
Weakness expected to continue only if trades extend below 195.20 region. Rebound may sustain above 198 region.
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