Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 7 August 2023 By Geojit Financial
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Bullion
Gold
Range bound trades expected in the intraday. Whereas a surge above 59900 may strengthen the prices.
Silver
Voluminous rebound above 72300 may strengthen the prices further. Weakness may be seen below 71800 region.
Energy
Crude oil
Weakness may be seen if prices extend dip below 6740 region. Meanwhile, a extended gains above 6880 region may strengthen the prices as well.
Natural Gas
Prices may strengthen further above 218 region. Slip below 210 region may weaken the counter as well.
Base Metals
Copper
Extended dip below 733 may weaken the prices further. Voluminous rebound above 742 may strengthen the prices as well.
Nickel
Thin volume trades seen.
Zinc
Prices may strengthen above 224.70 region. Whereas, a dip below 221.60 may induce further weakness.
Lead
Firm trades above 185.40 may strengthen the prices. Weakness expected below 183.
Aluminium
Extended fall below 199 region may induce further weakness. Voluminous trades above 202 region may strengthen the prices.
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