Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 2Aug 2023 By - Geojit Financial
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BULLION
Gold
Range bound trades expected in the intraday. Dip below 59250 may induce weakness, whereas a surge above 60200 may strengthen the prices as well.
Silver
MACD convergence suggest sideways trend in the counter. Gains above 74800 may strengthen the prices further. Weakness may be seen below 74200 region
ENERGY
Crude Oil
MACD divergence suggest mild positivity. Extended gains above 6800 region may strengthen the prices further. Whereas, a dip below 6710 may weaken the prices for the day.
Natural Gas
Prices may strengthen above 218 region. Else, corrective moves may witness with dips below 210.
BASE METALS
Copper
Extended dip below 737 may weaken the prices further. Steady gains above 745 may strengthen the prices as well.
Nickel
Thin volume trades seen
Zinc
Prices may strengthen above 228 region. Weakness expected if prices slip below 223.20.
Lead
Sturdy gains above 185.40 may strengthen the prices. Weakness expected below 183.
Aluminium
Weakness expected if prices slip below 200.60 region. Voluminous trades above 202.30 region may strengthen the prices.
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