Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 06 January 2025 - Geojit Financial Services Ltd
Bullion
Gold
Choppy to weak trades anticipated initially. An unexpected rise above 77360 ranges may improve sentiments.
Silver
Recovery move above 90560 may offer upside room. Inability to move above the same can induce correction.
Energy
Crude Oil
While there prevails a positive bias, corrective dips may not be ruled out. A voluminous rise over 6430 may strengthen sentiments.
Natural Gas
May inch higher. However, slippage past 287 may call for more downside correction
Base Metals
Copper
Recovery moves being witnessed may stretch on sustained rise above 806 ranges. However, a voluminous rise above 812.50 for the sentiments to improve.
Nickel
Lack of volume in the counter.
Zinc
Extended fall below 272 region may weaken prices further. Holding the same support may cause mild rebounds.
Base Metals
Lead
Range bound moves with mild weak bias expected. Holding the support levels may cause mild upticks.
Aluminium
Mild weakness expected in the counter. Holding any of the support may induce mild upticks.
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