Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 29 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
Range bound trades expected in the intraday. Whereas a voluminous rebound above 71800 may strengthen the prices.
ENERGY
Crude Oil
Prices would appear firmer if rebounds sustain above 6040 region. Weakness expected if prices dip below 5910.
Natural Gas
Rebound expected if prices rebound above 206 region. Else, mild corrective moves may be seen
BASE METALS
Copper
Prices may appear firmer above 719. Weakness expected below 710.
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Extended gains above 212 could strengthen the prices for the day. Weakness may seen below 207.
Lead
Range bound trades expected. A voluminous rebound above 185.70 may strengthen the prices.
Aluminium
Gains above 210.50 region may strengthen the prices. Dip below 206.30 may weaken the prices.
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