Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 07 May 2024 - Geojit Financial Services Ltd
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
Prices may appear edging upward in the intraday session. Whereas, a dip below 81850 region may undermine the sentiments.
Crude Oil
Southbound move may extend if prices dip below 6500 region. Or else, mild rebound may be seen in the intraday session.
Natural Gas
MACD bullish divergence that the prices may cling northward. Whereas, a dip below the 175 region may undermine prices.
Copper
Break above trend line resistance of 871 region could strengthen prices further. Or else, corrective dips may be seen.
Nickel
Lack of volume in the counter.
Zinc
Rebounds may witness in the counter. However, a dip below 257.40 could trigger weakness.
Lead
Prices may strengthen above 194.40 region. Weakness may witness below 192.10.
Aluminium
Rebound may strengthen only above 237.40 region. Or else, corrective dips may be witnessed.
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