Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 June 2024 - Geojit Financial Services Ltd
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Gold
MACD Bearish divergence suggest possibility of mild weakness, however, as long as 71000 ranges hold downside, pullbacks may not be ruled out. To extend the recovery, prices need to surge above 72750
Silver
Brief pullbacks to 91700/92150 ranges may not be ruled out even as the sentiments stays feeble. A voluminous fall past 89750 may call for more downside correction.
Crude Oil
Choppy to weak trades expected unless 6460 is breached convincingly upside for the day
Natural Gas
May trade with a mild positive bias even as a consolidation inside 246-210 ranges is in progress.
Copper
While mild rebounds are anticipated, a direct voluminous fall past 865 ranges may call for more downside correction.
Nickel
Lack of volume in the counter.
Zinc
Mild rebounds after taking support around 260 ranges could stretch. Yet a voluminous rise above 268 ranges is required for sentiments to improve.
Lead
Corrective moves may possibly stretch lower. Whereas, a rebound above 193.40 region may being in some positivity
Aluminium
Mild rebound seems possible in the counter. However, fall past 237 ranges may dampen sentiments.
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