Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 21 June 2023 By Geojit Financial
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BULLION
Gold
Weakness may sustain if trades sustain below 58600 region on the trend line. Revisiting above the same can induce mild rebounds.
Silver
Mild weakness expected in the intraday. Rebound above 70300 may strengthen the prices as well.
Crude Oil
Range bound moves expected to be in the intraday. Steady gains above 5900 may strengthen the prices. Whereas, weakness is expected below 5740 region.
Natural Gas
MACD Bullish divergence rule out the possibility of major weakness. Rebound above 210 may induce mild rebounds. However, dip below 200 region may induce weakness.
BASE METALS
Copper
Mild negativity is expected. Dip below 725 may induce further weakness, while holding the same support may induce rebounds as well.
Nickel
Thin volume trades seen.
Zinc
Intraday moves expected to be towards lower side. Rebound above 217.40 may strengthen the prices.
BASE METALS
Lead
Range bound trades may be seen. Dip below 183 may induce weakness.
Aluminium
Weakness may continue if prices dip below 201 may weaken the prices. A rebound above 204.30 may strengthen the prices.
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