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2024-12-02 06:30:35 pm | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 December 2024 - Geojit Financial Services Ltd

BULLION

Gold

MACD convergence suggest sideways trend. Prices may strengthen above 76540 region, whereas, a dip below 75280 can trigger weakness.

 

Silver

Slippage below 90300 region may induce mild weakness. Whereas, upward moves may gain momentum above 91800 region.

 

ENERGY

Crude Oil

Rebound may strengthen only if trades move above 5940 level. Or else, corrective dips possible to occur in the current session.

 

Natural Gas

Prices may weaken with lowering trades below 267 region. Whereas, a rebound above 273 may offer some upside room.

 

BASE METALS

Copper

Mild weakness possible to prevail in the counter. Whereas, recovery moves could strengthen above 814 region.

 

Nickel 

Lack of volume in the counter.

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Zinc 

Mild upticks possible in the counter. Corrective moves may extend lower if prices dip below 284 region.

 

BASE METALS

Lead

Slip below 181 can weaken the prices. Else, mild upticks may occur.

 

Aluminium

Extended dip below 240.60 may offer downside room. Holding the same support may cause rebound moves

 

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