Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 January 2025 - Geojit Financial Services Ltd
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Bullion
Gold
Prices may extend gains with sturdy move above 77800 region. Whereas, a dip below 76900 may induce further weakness.
Silver
Recovery move above 90710 may offer upside room. Inability to move above the same can induce correction.
Energy
Crude Oil
North bound trades expected. Whereas, a corrective dip below 6130 can trigger weakness.
Natural Gas
Corrective moves may extend lower with trades below 309 region. Whereas, a sturdy move above 318 region may offer upside room.
Base Metals
Copper
Prices may appear weaker below 789. Holding the same level may offer upticks.
Nickel
Lack of volume in the counter.
Zinc
Weakness may extend lower below 276 region. Holding the same support may cause mild rebounds.
Base Metals
Lead
Prices may exhibit southbound moves. Holding the support levels may cause mild upticks.
Aluminium
Prices may extend weakness with a voluminous dip below 240.90. Else, mild upticks may occur.
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