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2024-12-04 05:35:01 pm | Source: Geojit Financial Services Ltd
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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Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here
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