Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 July 2024 - Geojit Financial Services Ltd
Gold
Range bound moves expected. Sturdy move beyond 72180 region can strengthen the momentum, while a dip below 70900 may trigger weakness.
Silver
Extended gains could gather momentum if trades breach above 90350 region. Conversely, prices may weaken below 88850 region.
Crude Oil
MACD bullish divergence suggest the possibility of mild positive moves. Extending trades above the trend line resistance of 7080 region can gather the momentum. Inability to cross the same resistance could induce corrective moves.
Natural Gas
MACD Bearish Divergence suggest the prevalence of weakness. Holding any of the support levels could induce mild rebounds.
Copper
Recovery move above 853 region could offer further upside. Holding the same resistance could induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Corrective move below 265.80 region may weaken the prices further. While, holding the same support could induce mild rebound.
Lead
Rebound above 191 region may strengthen the prices. Correction possible to extent if prices dip below 189.20.
Aluminium
Extending gains above 233 may strengthen the prices, while a dip below 230.20 may induce weakness.
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