Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 30 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
Steady rebounds above 6040 region may strengthen the prices. Weakness expected if prices dip below 5860.
Natural Gas
Mild weakness expected. Rebound expected to sustain only if the prices rebound above 200 region.
BASE METALS
Copper
Prices may appear firmer above 719. Dip below 704 may induce weakness.
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Extended gains above 213 could strengthen the prices for the day. Weakness may seen below 208.
Lead
Range bound trades expected. A weakness may be seen if prices dip below 182.50.
Aluminium
Dip below 204.50 may weaken the prices further. Rebounds may be seen if prices hold the same support.
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