Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 January 2025 - Geojit Financial Services Ltd
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Bullion
Gold
Prices may extend gains with sturdy move above 77900 region. Whereas, a dip below 76960 may induce further weakness.
Silver
Recovery move above 90560 may offer upside room. Inability to move above the same can induce correction.
Energy
Crude Oil
MACD bullish divergence suggest the possibility of positive moves. However, a corrective dip below 6190 can trigger weakness.
Natural Gas
Corrective moves may extend lower with trades below 300 region. Whereas, a sturdy move above 312 region may offer upside room.
Base Metals
Copper
Recovery moves are possible as long as the trades sustain above 790 region. A fall below the same support may induce weakness.
Nickel
Lack of volume in the counter.
Zinc
Extended fall below 272 region may weaken prices further. Holding the same support may cause mild rebounds.
Base Metals
Lead
Range bound moves with mild weak bias expected. Holding the support levels may cause mild upticks.
Aluminium
Mild weakness expected in the counter. Holding any of the support may induce mild upticks.
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