Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 8 August 2023 By Geojit Financial
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Bullion
Gold
Range bound trades expected in the intraday. A surge above 59900 may strengthen the prices, while a dip below 58600 may induce weakness as well.
Silver
Weakness may prevail if prices dip further below 71000 region. Whereas, a voluminous rebound above 71800 may strengthen the prices as well.
Energy
Crude oil
Weakness may sustain if prices extend dip below 6630 region. Meanwhile, sturdy gains above 67800 region may strengthen the prices as well.
Natural Gas
Prices may strengthen further above 228 region. However, a dip past 222 region may weaken the counter as well.
Base Metals
Copper
Prices may weaken further below 725 region. Voluminous rebound above 740 may strengthen the prices as well.
Nickel
Thin volume trades seen.
Zinc
Weakness may continue below the support of 218.60 region. Rebound may sustain above 222.30.
Lead
Firm trades above 185.40 may strengthen the prices. Weakness expected below 183.
Aluminium
Fall below 199 region may induce further weakness. Voluminous trades above 202 region may strengthen the prices.
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