Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 02 September 2024 - Geojit Financial Services Ltd
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Gold
Expect a choppy trading today. Break above Rs 72250 would trigger rallies.
Silver
Choppy trading may witness as the MACD bullish divergence suggests, while a correction below the support of 84050 can induce mild weakness.
Crude Oil
Consistent trades above Rs 6200 may extent rallies. Else, weak bias expected the day.
Natural Gas
Initial bias may see mild upticks. It required to break above Rs 190 to trigger rallies.
Copper
As long as prices stay above Rs 800 may expect upticks. If unable to do so likely to weaken prices.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias is likely to witness in the counter. Dip below 264 region can induce weakness.
Lead
Corrective moves may witness in the counter. Rebound above 187.50 could strengthen the momentum.
Aluminium
A direct dip below Rs 222 may extend weakness. Else, steady moves expected the day.
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