Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 01 August 2024 - Geojit Financial Services Ltd
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Gold
Prices may extend northward moves in the upcoming session. However, a dip below 68700 may trigger mild weakness in the counter.
Silver
Recovery move may strengthen with sturdy move above 84400 region. Inability to cross above the same can cause correction.
Crude Oil
Recovery moves may extend further if the EMA resistance level of 6670 is breached. Else, mild correction may witness below this level.
Natural Gas
A steady recovery move above 180 region can offer upside room for prices. Whereas, a dip below 170 may induce weakness as well.
Copper
Corrective moves may extend lower if the support at 794 is breached. A steady recovery above 811 region may strengthen the prices.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness is expected in the counter. Holding the support levels may induce rebounds.
Lead
Falling below 186.80 may stretch southward moves. Recovery move could strengthen only above 189 region.
Aluminium
Prices may extend dips if the support level at 210.90 is breached. Holding the same support can induce mild rebounds.
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