Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 January 2023 By Geojit Financial Services Ltd
BULLION
Gold
MACD bearish divergence suggest mild weakness. Prices may strengthen only with steady gains above 62680 region
Silver
MACD Bearish divergence suggest possibility of weakness. However, a voluminous rebound above 72600 can strengthen the prices as well.
Crude Oil
Mild corrective moves possible in the counter. However, a rebound may strengthen above 6100 region.
Natural Gas
MACD Bullish divergence suggest prevalence of positivity. However, corrective moves may witness if prices slip below 231 region.
BASE METALS
Copper
Mild Weakness may prevail in the counter. Rebound may strengthen above 722.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness expected to prevail in the counter. Whereas, prices may strengthen above 226.80.
Lead
Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.
Aluminium
Mild Weakness expected to prevail. Holding the support of 203.80 may induce rebounds.
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