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08-07-2023 04:57 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 7 August 2023 By Geojit Financial
News By Tags | #473 #4943

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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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