Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 05 May 2023 By Geojit Financial
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BULLION
Gold
Prices expected trade range bound with mild positive bias in the intraday. A dip below 60400 may consider as early sign of weakness.
Silver
Further gains possible above 78650 region. Intraday weakness is expected only below 77350 region.
Crude Oil
Rebound is possible only with steady gains above 5820 region. Prices may appear weaker below 5630 region.
Natural Gas
Weakness may extend below 167 region. Rebounds may be seen holding the same support.
BASE METALS
Copper
Voluminous dip below 731 may weaken prices further. Else, range bound trades may be witnessed.
Nickel
Thin volume trades seen.
Zinc
A voluminous rebound above 238 may strengthen the prices for the day. Dip below 234.20 may induce weakness.
Lead
Extended gain above 185 may strengthen the prices. Weakness expected only with dip below 182.40.
Aluminium
Further weakness may see below 204.70. While, holding the same may induce mild rebounds.
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