Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 January 2023 By Geojit Financial Services Ltd
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Gold
A sturdy rebound above 63760 can strengthen the prices, while a fall below 62830 may induce weakness as well.
Silver
MACD Bearish divergence suggest possibility of weakness. However, a voluminous surge above 74140 can strengthen the prices as well.
Crude Oil
Mild weak bias may linger in the counter. Rebound can sustain only with sturdy gains above 5900 region.
Natural Gas
MACD Bullish divergence suggest mild positivity. However, a corrective dip below 208 region can induce weakness
Copper
Mild weakness expected to persists in the counter. Holding the support of 723 may induce rebounds
Nickel
Lack of volume in the counter.
Zinc
Range bound moves expected in the counter. Weakness may be seen below 228.70, while holding the same support can induce rebounds.
Lead
Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.
Aluminium
Rebounds still possible in the counter. However, an extended dip below 206 would induce further weakness.
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