Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 03 November 2023 By Geojit Financial Services Ltd
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BULLION
Gold
Range bound moves with mild positive bias expected. However, a dip below 60500 may cause mild corrective moves.
Silver
Prices may appear weaker below 70800 region. Whereas, a voluminous surge above 72400 region may strengthen the prices as well.
ENERGY
Crude Oil
MACD bearish divergence suggest the possibility of weakness in the prices. Rebound may sustain only if prices trade above 6960 region.
Natural Gas
Weakness may be seen below 283 region. Rebound may sustain with steady gains above 302 region.
BASE METALS
Copper
Range bound moves expected in the intraday. Dip below 704 may induce weakness. Rebound may sustain above 713 region.
Nickel MCX Nov
Thin volume trades seen.
Zinc
Rebound would sustain with steady gains above 223.30. Extended dip below 220.70 may weaken prices
.
BASE METALS
Lead
A dip below 184.80 region may weaken the prices. Unable to breach the same may induce mild rebounds.
Aluminium
Rebound expected to be seen only above 207.40, whereas a dip below 205 may induce mild correction.
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