Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 05 December 2024 - Geojit Financial Services Ltd
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.
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