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08-11-2023 06:23 PM | Source: Geojit Financial Services
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 08 November 2023 By Geojit Financial Services Ltd

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BULLION

Gold

Range bound moves with mild negative bias expected. However, a rebound above 60600 may induce mild positivity in the counter.

 

Silver

Prices may appear weaker below 70060 region. Whereas, a voluminous surge above 70800 region may strengthen the prices as well.

 

ENERGY

Crude Oil

l View MACD bearish divergence suggest the prevalence of weakness in the counter. Rebound expected to sustain only with voluminous trades above 6520 region.

 

Natural Gas 

Weakness may continue if prices dip below 265 region. Rebound may sustain with steady gains above 277 region.

 

BASE METALS

Copper

MACD bullish divergence suggest mild positivity. However, a dip below 705 may induce weakness.

 

Nickel MCX Nov

Thin volume trades seen.

 

Zinc

Mild positivity expected in the counter. Unexpected dip below 227.70 may induce weakness.

 

BASE METALS

Lead

Prices may strengthen above 187.70 region. Holding the same resistance can induce mild correction.

 

Aluminium

Range bound trades expected in the intraday session. A dip below 206.80 may induce mild weakness.

 

 

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