Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 October 2024 - Geojit Financial Services Ltd
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Gold
Range bound trades with mild positivity bias expected in the counter. Fall below the support of 74830 can induce corrective dips.
Silver
Range bound trades may witness in the current session. Dip below 90160 region can induce corrective dips.
Crude Oil
MACD Bullish divergence suggest possibility of uptrend. However, a slip below 6250 may induce mild weakness.
Natural Gas
An extended dip below 288 region may weaken prices. Holding the same region can induce mild rebounds.
Copper
A voluminous dip below EMA support of 823 can trigger weakness. Holding the same support can induce rebounds as well.
Nickel
Lack of volume in the counter.
Zinc
Extended fall below 280 region can trigger weakness. Holding the same support can induce rebounds.
Lead
Corrective moves may prevail in the counter. Holding any of the support may induce mild rebounds.
Aluminium
Extended dips below 234 region may weaken prices further. Holding the same support may induce rebounds
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