Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 November 2023 By Geojit Financial Services Ltd
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BULLION
Gold
Range bound moves with mild positive bias expected. However, a dip below 60500 may cause mild corrective moves.
Silver
A voluminous surge above 72400 region may strengthen the prices as well. Prices may appear weaker below 71500 region.
ENERGY
Crude Oil
MACD bearish divergence suggest the possibility of weakness in the prices. Rebound may sustain only if prices trade above 6960 region.
Natural Gas
Weakness extend if prices dip below 277 region. Rebound may sustain with steady gains above 290 region.
BASE METALS
Copper
MACD bullish divergence suggest the possibility of further uptrend. However, a dip below 708 may induce weakness.
Nickel MCX Nov
Thin volume trades seen.
Zinc
Prices may extend gains further above 228.50 region. Unable to break above the same may induce corrective dips
BASE METALS
Lead
Prices may strengthen above 187.70 region. Holding the same resistance can induce mild correction.
Aluminium
Mild positivity expected in the intraday session. A dip below 208 may induce mild correction.
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