Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 27 June 2023 By Geojit Financial
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BULLION
Gold
Diverging MACD lines after bearish crossover suggest persistence of weakness. Revisiting above the trend line resistance of 59000 may strengthen the prices.
Silver
Steady gains above 71400 may strengthen the prices. Else, mild corrective dips may be seen for the day.
ENERGY
Crude Oil
Extended dip below 5620 may induce weakness. Whereas, steady gains above 5780 may strengthen the prices for the day.
Natural Gas
MACD Bullish divergence suggest possibility of further gains. However, dip below 230 region may induce weakness.
Base Metal
Copper
Sustained trades below 725 may induce further weakness. Rebounds expected to sustain only above the same.
Nickel
Thin volume trades seen.
Zinc
Weakness may extend below 211.80 region. Rebound above 216.30 may strengthen the prices for the day.
BASE METALS
Lead
Range bound trades may be seen. Rebound above 183.30 may strengthen the prices.
Aluminium
Weakness may continue if trades below 199.80 region. A rebound above the same may strengthen the prices
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