Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 June 2024 - Geojit Financial Services Ltd
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Gold
MACD Bearish divergence suggest possibility of mild weakness. To extend the recovery, prices need to surge above 72500.
Silver
MACD bearish divergence indicate the chances of weakness. Recovery moves may strengthen only with sustained move above 91700 region.
Crude Oil
MACD Bearish divergence suggest the prevalence of weakness. Holding the support levels can induce mild rebounds.
Natural Gas
Prices may appear firmer above 240 region on the trend line. Holding the same may induce corrective dips.
Copper
MACD bearish divergence indicate the possibility of mild weakness. Rebound may sustain only with steady gains above 878 region.
Nickel
Lack of volume in the counter.
Zinc
Prices may extend weakness if the 260 support is breached. Holding the same support can induce rebounds.
Lead
Range bound trades expected. Steady gains above 192.40 may strengthen the prices. Dip below 191.10 may offer downside room.
Aluminium
Mild correction is possible in the counter. However, sturdy move above 242.60 region may strengthen the prices
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