Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 Aug 2024 - Geojit Financial Services Ltd
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Gold
A mild correction is possible in the upcoming session. However, a rebound above 69350 region may strengthen the recovery momentum.
Silver
Range bound trades expected in the current session. A voluminous rebound above 80300 region can strengthen the prices, while weakness may e seen below 78330 region.
Crude Oil
Mild correction is possible in the current session. Nevertheless, voluminous trades above 6380 can strengthen the recovery momentum.
Natural Gas
Extended rebounds above 178 region could strengthen the prices further. Whereas, inability to cross above the same can induce correction.
Copper
Mild weakness expected to prevail in the counter. Rebound above 780 region can offer upside room for prices.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades may witness in the counter. Prices may strengthen with steady move above 249.30. Dip below 247 region can induce weakness.
Lead
Recovery move could strengthen with sturdy trades above 184 region. Else, mild correction is possible below the same.
Aluminium
Prices may extend the fall if the support level at 210 is breached. Recovery move could possibly strengthen above 214.20 region.
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