Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 05 July 2024 - Geojit Financial Services Ltd
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Gold
Prices may appear firmer with voluminous move beyond 72870, while holding the same level as resistance could induce mild correction.
Silver
Extended gains above 92700 region could further strengthen the prices. Conversely, prices may weaken below 91280 region.
Crude Oil
Extending trades above the trend line resistance of 7080 region can gather the momentum. Voluminous dip below 6880 could induce weakness.
Natural Gas
MACD Bearish Divergence suggest the prevalence of weakness. Holding any of the support levels could induce mild rebounds.
Copper
MACD Bullish crossover suggest mild uptrend. Holding the resistance levels can induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
North bound moves may witness. Fall below 273.50 region could trigger weakness.
Lead
Mild weakness is possible if prices dip below 187.60. While, a rebound above 191 region may strengthen the prices.
Aluminium
Mild positivity expected to prevail, although a dip below 232 may induce weakness.
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