Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 01 October 2024 - Geojit Financial Services Ltd
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Gold
Positivity expected to prevail in the counter. Fall below the support of 74830 can induce corrective dips.
Silver
Extended fall below the support of 90160 can trigger mild weakness. Whereas, a sturdy gain above 91850 can offer upside room for prices.
Crude Oil
Mild weakness may prevail in the counter. Sturdy rebound above 5815 of SMA resistance may offer some upside room for prices.
Natural Gas
MACD Bullish divergence suggest mild positivity. Sustained trades above trend line resistance can extend northward moves. However, a fall below 237 may induce mild weakness.
Copper
Mild positivity still possible in the current session. However, a voluminous dip below 850 can trigger weakness.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias expected. Fall below 280.80 region can induce weakness.
Lead
Prices may edged higher if trades sustain above EMA resistance of 185.60. Inability to move above the same may induce correction.
Aluminium
Trades may extend northbound. Fall below 236.50 may induce downward moves.
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