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Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 23 February 2023 By Geojit Financial
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Gold
MACD bearish divergence suggest mild weakness expected in the prices. Rebounds above 56400 may strengthen prices for the day.
Silver
Weakness expected to continue if prices dip below 66000 region. However, holding the same support may induce mild rebounds.
Crude Oil
Weakness may continue if prices fall below 6190 region. Voluminous break above 6320 may induce mild rebounds.
Natural Gas
Slip below 179 region may weaken the prices further. Rebound above 200 may induce mild rebounds.
Copper
Range bound trades may be seen in the intraday. Prices may appear firmer above 788.50. Weakness expected below 763.80.
Nickel
Thin volume trades seen.
Zinc
Steady gains above 278.60 may strengthen the prices further. Dip below 269.90 may induce weakness as well.
Lead MCX
Prices expected to remain with mild negative bias in the intraday. Rebounds may sustain only above 185.20.
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