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02-07-2024 06:20 PM | Source: Geojit Financial Services
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 July 2024 - Geojit Financial Services Ltd

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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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