Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 23 May 2023 By Geojit Financial
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BULLION
Gold
Diverging MACD lines after bearish crossover suggest the possibility of weakness. However, a rebound above 60200 may strengthen prices for the day.
Silver
Weakness expected to continue in the intraday. Whereas a voluminous rebound above 72500 may strengthen the prices.
ENERGY
Crude Oil
A voluminous break above 6060 region may strengthen the prices further. Weakness expected only below 5910.
Natural Gas
Weakness may seen if prices extend dip below 194. Intraday rebound may sustain above 203.30.
BASE METALS
Copper
Weakness may continue if prices extend dip below 704. Rebound above 714 may strengthen prices for the day.
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Mild weakness may be seen. A rebound above 220 may strengthen the prices for the day.
Lead
Mild weakness expected. Whereas a voluminous rebound above 185.70 may strengthen the prices.
Aluminium
Extended dip below 205.40 may weaken the prices. Whereas, a rebound above 210.50 region may strengthen the prices.
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