Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 01 November 2023 By Geojit Financial Services Ltd
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BULLION
Gold
Range bound moves with mild positivity expected. However, a dip below 60500 may cause mild corrective moves.
Silver
Prices may appear weaker below 70800 region. Whereas, a voluminous surge above 72000 region may strengthen the prices as well.
ENERGY
Crude Oil
Rebound may sustain if prices trade above 6920 region. Whereas, a dip below 6740 region can weaken the prices.
Natural Gas
Rebound may sustain with steady gains above 302 region. Weakness may be seen below 288 region.
BASE METALS
Copper
Range bound moves with mild positive bias expected in the intraday. Dip below 704 may induce weakness for the day.
Nickel
Thin volume trades seen
Zinc
Extended dip below 218 may weaken prices further. Rebound would sustain only with steady gains above 220.
BASE METALS
Lead
A dip below 184.80 region may weaken the prices. Unable to breach the same may induce mild rebounds.
Aluminium
Sturdy gains above 207.40 may strengthen the prices whereas a dip below 205.60 may induce mild correction.
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