Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 28 July 2023 By Geojit Financial
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Bullion
Gold
Range bound trades expected in the intraday. Extented dip below 58800 may induce weakness,whereas a surge above 59600 may strengthen the prices as well.
Silver
MACD convergence suggest sideways trend in the counter. Gains above 74500 may strengthen the prices further. Weakness may be seen below 73200 region.
Energy
Crude oil
MACD divergence suggest mild positivity. Extended gains above 6630 region may strengthen the prices further. Wheres, a dip below 6520 may weaken the prices for the day.
Natural Gas
Prices may strngthen above 218 region. Else, corrective dip may witness.
Base Metals
Copper
prices may stengthen above 742 region on the trend line. Meanwhile, Weakness expected if prices dip below 733 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 seeen. 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 if prices slip below 198 region.
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