Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 October 2023 By Geojit Financial
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Gold
MACD Bearish divergence suggest prevalence of weakness. Rebound expected to sustain only with steady gains above 57700 region.
Silver
MACD Bearish divergence suggest that the weakness may continue. However, a rebound above 68500 region may strengthen the prices.
Crude Oil
Voluminous trades above 7440 may strengthen prices further. Whereas, a dip below 7200 may induce weakness for the day.
Natural Gas
Prices may appear firmer with steady gains above 250 region. A dip below 239 may weaken the prices for the day.
Copper
Rebounds may sustain with voluminous trades above 712 region. Dip below 698 support may induce further weakness.
Nickel
Thin volume trades seen.
Zinc
Sturdy rebound above 225.20 may strengthen prices further. Weakness may be seen below 222.80 region.
Lead
Extended dip below 186 region may weaken the prices. Prices may strengthen above 189.40 region.
Aluminium
Extended dip below 206.50 may weaken the prices. Whereas, a sturdy rebound above 210.70 region may strengthen the prices.
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