Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 23 June 2023 By Geojit Financial
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BULLION
Gold
Diverging MACD lines after bearish crossover suggest persistence of weakness. Revisiting above the 58900 region may strengthen the prices.
Silver
MACD Bearish divergence suggest the possibility of weakness. However, rebound above 69900 may strengthen the prices.
Crude Oil
Extended dip below 5580 may induce weakness. Steady gains above 5740 may strengthen the prices for the day
Natural Gas
MACD Bullish divergence rule out the possibility of major weakness. Rebound above 221 may strengthen the prices. However, dip below 209 region may induce weakness.
BASE METALS
Copper
Sustained trades below 727 may induce further weakness. Rebounds expected to sustain only below 730.70.
Nickel
Thin volume trades seen.
Zinc
Intraday moves expected to be range bound. Rebound above 217 may strengthen the prices for the day.
BASE METALS
Lead
Range bound trades may be seen. Dip below 183.30 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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