Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 25 July 2023 By Geojit Financial
Bullion
Gold
Rnage bound trades expected in the intraday. A dip below 58800 may induce weakness in the counter while a rebound above 59450 may strengthen the prices as well.
Silver
MACD convergence suggest sideways trend in the counter. A dip below 74000 may weaken the prices,wheareas rebound may sustain only above 74800.
Energy
Crude Oil
MACD divergenece suggest mild positivity. A break above 6500 region may strengthen the prices. Wheareas, a dip below 6390 may weaken the prices for the day.
Natural Gas
Extended gains above 227 region would strengthen the prices.Else,prices may witness corective dips for the day holding the same level.
Base Metals
Copper
Prices may appear firmer above 741 region on the trend line. Weakness ecpected below 730 region.
Nickel
Thin volume trades seen.
Zinc
Sustained trades above 217 may strengthen the prices.Weakness expected if prices slip below the same.
Lead
Range bound trades may be seen. Rebound above 185.30 jmay strengthen the prices. weakeness expected below 183.
Aluminium
Weakness expected to continue only if trades extend below 195.20 region Rebound may sustain above 198 region.
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