Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 December 2024 - Geojit Financial Services Ltd
Bullion
Gold
MACD convergence suggest sideways trend. Weakness may be triggered with dips below EMA support at 76030.
Silver
Prices expected edge northbound. However, a voluminous dip below 90600 can trigger mild weakness.
Energy
Crude Oil
Prices may move northward in the current session. Corrective dips below 5930 may drag the prices lower.
Natural Gas
Prices may display weakness in the current session. Whereas, a rebound above 267 may offer some upside room.
Base Metals
Copper
Prices may edge upward if trades sustain above 818 region. Else, mild dips may occur.
Nickel
Lack of volume in the counter.
Zinc
Mild upticks possible in the counter. Dip below 285.40 region can trigger mild weakness.
Base Metals
Lead
Slip below 181.10 can weaken the prices. Else, mild upticks may occur.
Aluminium
Prices may edge higher with sturdy move above 244.70. While a dip below 240.80 may offer downside room.
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