Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 September 2024 - Geojit Financial Services Ltd
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Gold
Range bound trades may largely persist in the counter. Prices may strengthen with steady gains above 72290 region. Fall below SMA support of 70980 can induce weakness.
Silver
Prices may appear weaker below SMA support at 82850 region. Or else, holding the same support can induce mild rebounds.
Crude Oil
Intraday trades may point southward. Major weakness may be triggered if the trend line support of 5990 is breached. Else, mild rebounds may be seen holding the support.
Natural Gas
Intraday move may point northward, while prices may appear firmer above 187 region. Inability to move above the same resistance can induce weakness.
Copper
Prices may exhibit southward moves. Holding any of the supports can induce mild rebounds.
Nickel
Lack of volume in the counter.
Zinc
A voluminous dip below SMA support of 261.50 may induce weakness. Inability to move past the same support can induce rebounds.
Lead
Corrective moves may witness in the counter. Rebound above 187.50 could strengthen the momentum.
Aluminium
A mild negative bias may prevail in the counter. A sturdy move above EMA resistance 223.60 can offer upside room.
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