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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 06 September 2024 - Geojit Financial Services Ltd
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Gold
Range bound trades with mild positive bias expected. Fall below the support of 71360 can induce corrective moves.
Silver
MACD convergence rule out the chances of major weakness. Sturdy move above 85560 region can strengthen the prices further.
Crude Oil
Extended rebounds above the 5960 region may strengthen the prices. Else, correction may be seen below the same resistance.
Natural Gas
Prices may edge northward. Holding any of the near resistance can induce mild correction.
Copper
Rebound above 798 region can strengthen the prices further. Else, mild correction may be seen.
Nickel
Lack of volume in the counter.
Zinc
Prices may appear weaker in the currents session. A steady move above 261.70 region can offer upside room.
Lead
Corrective moves may witness in the counter. Rebound above 183.40 could strengthen the momentum.
Aluminium
A mild negative bias may prevail in the counter. A sturdy move above EMA resistance of 223.30 region can offer upside room.
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