Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 July 2024 - Geojit Financial Services Ltd
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Gold
Prices may appear firmer with voluminous move beyond 72870, while holding the same level as resistance could induce mild correction.
Silver
Extended gains above 92080 region could strengthen the momentum. Conversely, prices may weaken below 90350 region.
Crude Oil
MACD bullish divergence suggest the possibility of mild positive moves. Extending trades above the trend line resistance of 7080 region can gather the momentum. Voluminous dip below 6880 could induce weakness.
Natural Gas
MACD Bearish Divergence suggest the prevalence of weakness. Holding any of the support levels could induce mild rebounds.
Copper
Prices may appear firmer above 868 region. Holding the same resistance could induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
North bound moves may witness. Fall below 272.20 region could trigger weakness.
Lead
Mild weakness is possible if prices dip below 187.60. While, a rebound above 191 region may strengthen the prices.
Aluminium
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