Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 06 May 2024 - Geojit Financial Services Ltd
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Gold
MACD bearish divergence suggest the possibility of weakness. Nevertheless, a sustained trades above 70900 could rule out the possibility of a downward trend.
Silver
Sustained trades above 81580 region may offer further upside room for the prices. Whereas, corrective dip below the same may undermine the sentiments.
Crude Oil
Southbound move may extend if prices dip below 6540 region. Or else, mild rebound may be seen in the intraday session.
Natural Gas
MACD bullish divergence that the intraday moves may cling northward. Whereas, a dip below the 175 region may undermine prices.
Copper
Prices may appear firmer above trend line resistance of 871 region. Holding the same level could induce corrective dips.
Nickel
Lack of volume in the counter.
Zinc
Rebounds may witness in the counter. However, a dip below 247.40 could trigger weakness.
Lead
Prices may strengthen above 193.90 region. Weakness may witness below 191.30.
Aluminium
Weakness may seen with extended dips below 230.20 region, while rebound above 234.50 can strengthen the prices as well.
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