Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 December 2024 - Geojit Financial Services Ltd
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Bullion
Gold
MACD convergence suggest sideways trend. Weakness may be triggered with dips below EMA support at 76270.
Silver
Prices expected edge northbound. However, a voluminous dip below 90540 can trigger mild weakness.
Energy
Crude Oil
Prices may strengthen only with steady move above 5930 level. Or else, corrective dips still possible to occur in the current session.
Natural Gas
Prices may weaken with lowering trades below 267 region. Whereas, a rebound above 273 may offer some upside room.
Base Metals
Copper
Prices may edge upward if trades sustain above 818 region. Else, mild dips may occur.
Nickel
Lack of volume in the counter.
Zinc
Mild upticks possible in the counter. Dip below 283.40 region can trigger mild weakness.
Base Metals
Lead
Slip below 181 can weaken the prices. Else, mild upticks may occur.
Aluminium
Prices may edge higher with sturdy move above 244.70. While a dip below 240.70 may offer downside room.
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