Powered by: Motilal Oswal
06-08-2024 06:04 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 06 Aug 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

Gold

A mild correction is possible in the upcoming session. However, a rebound above 70230 region may strengthen the recovery momentum.

 

Silver

Southward moves possible to witness in the current session. However, voluminous rebound above 80650 region can strengthen the prices as well.

 

Crude Oil

Prices expected to exhibit a southward move, and further lower if the trend line support at 6000 is breached. Rebound above 6260 region with large market participation can strengthen prices.

 

Natural Gas

Prices may appear firmer with steady rebound above 168 region. Whereas, extended dip below 159 region can trigger further downfall.

 

Copper

Mild weakness expected to prevail in the counter. Rebound above 779 region can offer upside room for prices.

 

Nickel

Lack of volume in the counter.

 

Zinc

Mild weakness is expected to prevail in the counter. Holding the support levels may induce rebounds.

 

Lead

Mild weakness may prevail in the counter. Recovery move could strengthen only above 182.50 region.

 

Aluminium

A steady rebound above 211 may offer upside room for prices. Prices may extend the fall if the support level at 208.20 is breached.

 

 

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