Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 January 2023 By Geojit Financial Services Ltd
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Gold
MACD bearish divergence suggest mild weakness. Prices may strengthen only with steady gains above 63120 region.
Silver
MACD Bearish divergence suggest possibility of weakness. However, a voluminous rebound above 73200 can strengthen the prices as well.
Crude Oil
Rebound may persist in the counter. However, a dip below 6030 may induce weakness.
Natural Gas
MACD Bullish divergence suggest mild positivity. However, corrective moves may witness if prices slip below 224 region.
Copper
Range bound move may be seen in the counter. Dip below the support of 723 may induce weakness. Rebound may strengthen above 735.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild weakness expected in the counter. Prices may strengthen above 228.70.
Lead
Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.
Aluminium
Extended dip below 206 would induce further weakness. Rebounds may strengthen above 209 region.
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