Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 24 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 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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