Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 September 2024 - Geojit Financial Services Ltd
Gold
Range bound trades may largely persist in the counter. Fall below the support of 70590 can induce weakness, while steady gains above 71750 region can strengthen the prices.
Silver
MACD convergence rule out the chances of major weakness. Rebound above 83850 region can induce upward moves.
Crude Oil
Intraday trades may point southward. Extended dip below the 5820 may further weaken prices. Else, rebounds may be seen above the same level.
Natural Gas
Prices may appear firmer above 187 region. Inability to move above the same resistance can induce mild correction.
Copper
Prices may extend southward moves. Holding any of the supports can induce mild rebounds.
Nickel
Lack of volume in the counter.
Zinc
Prices may appear weaker in the currents session. A steady move above 262.30 region can offer upside room.
Lead
Corrective moves may witness in the counter. Rebound above 184.30 could strengthen the momentum.
Aluminium
A mild negative bias may prevail in the counter. A sturdy move above 221 region can offer upside room.
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