02-05-2024 05:57 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 May 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold

MACD bearish divergence suggest the possibility of weakness. Nevertheless, a sustained trades above 70900 could rule out the possibility of a downward trend.

 

Silver

MACD bearish divergence suggest possibility of weakness. Rebounds may strengthen above 80900 region.

 

Crude Oil

Southbound move may extend if prices dip below 6580 region. Or else, mild rebound may be seen in the intraday session.

 

Natural Gas

Surge above the trend line resistance of 172 region may bolster upward momentum. Whereas, a dip below the 160 region may undermine prices.

 

Copper

Extended dip below 848.50 region could weaken prices further. Prices may appear firmer if trades recover above 858 region.

 

Nickel

Lack of volume in the counter.

 

Zinc

Range bound trades expected. However, a dip below 252.80 could trigger weakness. Rebound may strengthen above 255.90 as well.

 

Lead

Prices may pick momentum above 192 region. Corrective moves possible to witness below 189.80.

 

Aluminium

Southbound moves may witness in the counter, whereas a rebound above 236.70 can strengthen the prices as well.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer