Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 8 March 2023 By Geojit Financial
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BULLION
Gold
Diverging MACD lines after bearish crossover suggest possibility of weakness. Intraday rebounds possible only above 55600.
Silver
Weakness may continue below 61670 region. Recovery above 63600 may strengthen prices.
ENERGY
Crude Oil
Voluminous rise above 6430 ranges required for more upsides. Weakness may extend if prices dip further below 6300.
Natural Gas
Rebound above 225 may strengthen prices. Else, corrective move may witness below the same level
BASE METALS
Copper
Rebound above 750.30 may strengthen the prices for the intraday. Else, weakness may be seen.
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Nickel
Thin volume trades seen.
Zinc
Intraday rebounds may strengthen above 264 region. Weakness may be seen below 257.60 region.
Lead
Range bound trades expected. Rebound above 183.60 may induce intraday gains.
Aluminium
Recovery above 206.60 may strengthen the prices. Else, weakness may continue.
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