Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 31 July 2023 By Geojit Financial
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BULLION
Gold
Range bound trades expected in the intraday. Extended 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 6720 region may strengthen the prices further. Whereas, a dip below 6630 may weaken the prices for the day.
Natural Gas
Prices may strengthen above 225 region. Else, corrective dip may witness with dips below 218.
BASE METALS
Copper
Prices may strengthen above 750 region on the trend line. Meanwhile, weakness expected if prices dip below 742 region.
Nickel
Thin volume trades seen.
Zinc
Prices may strengthen above 225.60 region. Weakness expected if prices slip below 220.80.
Lead
Range bound trades may be seen. Rebound above 185.30 may strengthen the prices. Weakness expected below 183.
Aluminium
Steady gains above 202.80 region may strengthen the prices. Weakness expected if prices slip below 199.60 region.
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