Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 06 Aug 2024 - Geojit Financial Services Ltd
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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.
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