Powered by: Motilal Oswal
05-12-2024 06:06 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 05 December 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Bullion

Gold

MACD convergence suggest sideways trend. Weakness may be triggered with dips below EMA support at 76140.

 

Silver

Prices expected edge northbound. However, a voluminous dip below 92350 can trigger mild weakness.

 

Energy

Crude Oil

Extended dip below 5750 can induce weakness. Steady rebound above 5930 may offer upside room.

 

Natural Gas

Sturdy rebound above 267 may offer some upside room for prices. Inability to move above the same can induce correction.

 

Base Metals

Copper

Prices may edge upward if trades sustain above 818 region. Else, mild dips may occur if trades slip below the same level.

 

Nickel

Lack of volume in the counter.

 

Zinc

Upticks possible in the counter. Dip below 286.30 region can trigger mild weakness.

 

Base Metals

Lead

Slip below 181.20 can weaken the prices. Else, mild upticks may occur.

 

Aluminium

Prices may edge higher in the current session. While a dip below 245 may offer downside room.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer