Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 May 2024 - Geojit Financial Services Ltd
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Gold
MACD bearish divergence suggest the possibility of weakness. Nevertheless, a sustained trades above 70900 could rule out the possibility of a downward trend.
Silver
Sturdy move above 81580 region may strengthen the prices. Whereas, corrective dip below 80400 may undermine prices.
Crude Oil
Southbound move may extend if prices dip below 6550 region. Or else, mild rebound may be seen in the intraday session.
Natural Gas
Surge above the trend line resistance of 172 region may bolster upward momentum. Whereas, a dip below the 163 region may undermine prices.
Copper
Extended dip below 848.50 region could weaken prices further. Prices may appear firmer if trades recover above 858 region.
Nickel
Lack of volume in the counter.
Zinc
Rebounds may witness in the counter. However, a dip below 255.80 could trigger weakness.
Lead
Prices may pick momentum above 192 region. Corrective moves possible to witness below 189.80.
Aluminium
Range bound moves may witness. Weakness may seen below 230.20 region, while rebound above 234.50 can strengthen the prices as well.
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