Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 October 2023 By Geojit Financial
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Gold
MACD Bearish divergence suggest prevalence of weakness. Rebound expected to sustain only with steady gains above 57700 region.
Silver
MACD Bearish divergence suggest that the weakness may continue. However, a rebound above 68500 region may strengthen the prices.
Crude Oil
MACD Divergence after bearish crossover indicates possibility of further weakness. Rebound may sustain only with voluminous trades above 7020 region.
Natural Gas
MACD Bullish divergence suggest further upside moves. A dip below 255 may weaken the prices for the day.
Copper
Range bound move may be seen. Dip below 695 support may induce further weakness. Rebound may strengthen above 705.
Nickel
Thin volume trades seen.
Zinc
Weakness may be seen below 219.60 region. Rebound expected to sustain only above 223 region.
Lead
Prices may strengthen above 189.40 region. Dip below 186 region may weaken the prices.
Aluminium
Extended dip below 203.90 may weaken the prices. Whereas, a solid rebound above 210.70 region may strengthen the prices.
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