Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 05 Aug 2024 - Geojit Financial Services Ltd
Gold
A mild correction is possible in the upcoming session. However, a rebound above 70230 region may strengthen the recovery momentum.
Silver
Southward moves may witness in the current session. Holding the supports may induce mild rebounds.
Crude Oil
Prices expected to exhibit a southward move in the current session, if the trend line support at 6000 is breached. Inability to cross below the same support may induce mild pullbacks.
Natural Gas
Extended dip below 160 region can trigger further downfall. But, holding the same region as support can induce rebounds as well.
Copper
Mild weakness expected to prevail in the counter. Rebound above 788 region can offer upside room for prices.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness is expected in the counter. Holding the support levels may induce rebounds
Lead
Extending fall below 183.50 may stretch southward moves. Recovery move could strengthen only above 185.80 region.
Aluminium
Prices may extend dips if the support level at 209.50 is breached. A steady rebound above 212 may strengthen prices.
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