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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 May 2024 - Geojit Financial Services Ltd
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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.
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