08-01-2024 05:33 PM | Source: Geojit Financial Services
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 January 2023 By Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer