Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 January 2023 By Geojit Financial Services Ltd
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BULLION
Gold
A sturdy rebound above 63760 can strengthen the prices, while a fall below 62830 may induce weakness as well .
Silver
Range bound moves may witness in the counter. A voluminous dip below 73370 may weaken the prices. Steady gains above 75080 may strengthen the prices as well.
Crude Oil
Extended recovery move above 6170 would strengthen the prices. Corrective dips may witness if prices dip below 6020.
Natural Gas
MACD Bullish divergence suggest mild positivity. Corrective dip below 208 region may induce weakness.
BASE METALS
Copper
Weakness may be seen below 727 region. Rebounds can strengthen only with steady gains above 740.
Nickel
Lack of volume in the counter
Zinc
Prices may appear firmer above 234.80 region. Whereas, corrective dips below 230.50 may induce further weakness.
Lead
Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.
Aluminium
Sturdy gains above 213.30 would strengthen the prices. Whereas, a dip below 210.50 region may induce weakness as well.
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