04-06-2024 05:45 PM | Source: Geojit Financial Services Ltd
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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