Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 25 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 71400 may strengthen the prices.
ENERGY
Crude Oil
Prices would appear firmer above 6170 region. Weakness expected if prices dip below 5910.
Natural Gas
Weakness may seen if prices extend dip below 209. Intraday rebound may sustain above 217.
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 209 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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