Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 27 July 2023 By Geojit Financial
Bullion
Gold
Range bound trades expected in the intraday. Extened 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. Stury gains above 75900 may strengthen the prices further. Weakness may be seen below 74800 region.
Energy
Crudeoil
MACD divergence suggest mild positivity. Extended gains above 6550 region may strengthen the prices further. Whereas, a dip below 6480 may weaken the prices for the day.
Natural Gas
Prices may strengthen above 225 region. Else, corrective dip may witness holding the same level.
Base Metals
Copper
Prices may strengthen further above 750 region on the trend line Meanwhile, expected if prices dip below 739 region.
Nickel
Thin volume trades seen.
Zinc
Prices may strengthen above 222 region. Weakness expected if prices slip below 216.50.
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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