08-07-2024 05:10 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 July 2024 - Geojit Financial Services Ltd

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Gold

MACD Bullish divergence suggest mild positivity in the counter. Prices may appear firmer with voluminous move beyond 72870. Nevertheless, holding the same level as resistance can cause correction.

 

Silver

MACD Bullish divergence suggest prevailing positivity in the counter. Gains may extend if prices break above 94060 region. Conversely, prices may weaken below 92300 region.

 

Crude Oil

Extended dip below 6820 could weaken the prices. Rebound could strengthen only with steady gains above 7080.

 

Natural Gas

MACD Bearish Divergence suggest the prevalence of weakness. Holding any of the support levels could induce mild rebounds.

 

Copper

MACD Bullish crossover suggest mild uptrend. Holding the resistance levels can induce mild correction.

 

Nickel

Lack of volume in the counter.

 

Zinc

Prices may strengthen above 277.30 region. Fall below 273.50 region could trigger weakness.

 

Lead

Mild weakness is possible if prices dip below 187.60. While, a rebound above 191 region may strengthen the prices.

 

Aluminium

Mild positivity expected to prevail, although a dip below 232 may induce weakness.

 

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