Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 21 August 2023 By Geojit Financial
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BULLION
Gold
MACD Bearish divergence suggest possibility of weakness. Prices may appear weaker as long as trades sustain below 58500 region. Rebound above the same may strengthen the prices as well.
Silver
Prices expected to trade range bound in the intraday. However, a voluminous rebound above 70900 may strengthen the prices.
ENERGY
Crude Oil
MACD Bearish crossover suggest possibility of weakness. However, prices should dip below 6720 ranges for weakness. A steady gains above 6850 may strengthen the prices as well.
Natural Gas
Weakness may persist if trades sustain below 222 region. Steady gains above the same level may strengthen the prices as well.
Copper
Sturdy gains above 727 may strengthen the prices. Holding the same level may induce corrective dips.
Nickel
Thin volume trades seen.
Zinc
Rebound may sustain only above 212 region. Whereas, dip below 207.80 may induce further weakness.
BASE METALS
Lead
Range bound moves may be seen. Prices may strengthen only above 184.90 region. Weakness may be seen if prices dip below 182 region.
Aluminium
Voluminous trades above 199.50 region may strengthen the prices. Dip below 195.80 may induce weakness as well.
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