Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 26 July 2023 By Geojit Financial
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Bullion
Gold
Range bound trades expected in the intraday. Extended gains above 59600 may strengthen the prices, whereas a dip below 58800 may induce weakness in the counter.
Silver
MACD convergence suggest sideways trend in the counter. A dip below 74200 may weaken the prices, whereas extended gains above 754200 may strengthen the prices further.
Energy
Crude Oil
MACD divergence suggest mild positivity. Sturdy gains above 6500 region may strengthen the prices. Whereas, 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 corrective dips for the day holding the same level.
Base Metals
Copper
Prices may appear firmer above 741 region on the trend line. Meanwhile, weakness expected if prices dip below 733 region.
Nickel
Thin volume trades seen.
Zinc
Sustained trades above 216.50 may strengthen the prices. Weakness expected if prices slip below the same.
Lead
Range bound trades may be seen. Rebound above 185.30 may strengthen the prices. Weakness expected below 183.
Aluminium
Steady gains above 200.30 region may strengthen the prices. Weakness expected if prices slip below 198 region.
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