Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 June 2024 - Geojit Financial Services Ltd
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Gold
Extended dip below 70670 can offer further downtrend. A rebound above 71240 may offer upside.
Silver
MACD bearish divergence suggest the chances of weakness. Prices could strengthen with a steady rebound above 90250 region.
Crude Oil
Prices may gain momentum above 6390 region. Mild weakness is possible to witness with a corrective move below 6280 region.
Natural Gas
Northbound move may extend in the current session. Whereas, corrective move below 243.60 may induce weakness.
Copper
MACD bearish divergence indicate the possibility of mild weakness. However, sustained trades above 862 region can induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness possible to prevail. Recovery moves may strengthen above 254.80 region.
Lead
Extended dip below 186.30 region may induce weakness. A steady gains above 188.60 may strengthen the prices
Aluminium
Corrective moves may prevail in the counter. Recovery moves strengthen above 236.80 region.
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