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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 24 May 2023 By Geojit Financial
News By Tags | #473 #4943

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BULLION

Gold

Diverging MACD lines after bearish crossover suggest the possibility of weakness. However, a rebound above 60550 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

Prices would appear firmer above 6220 region. Weakness expected below 6070.

 

Natural Gas

Weakness may seen if prices extend dip below 190. Intraday rebound may sustain above 196.50.

 

BASE METALS

Copper

Weakness may continue as long as trades sustain below 709. Rebound above same may strengthen prices for the day.

 

Nickel

Thin volume trades seen.

 

BASE METALS

Zinc

Weakness expected to continue. Meanwhile, a rebound above 213 could 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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