Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 09 January 2023 By Geojit Financial Services Ltd
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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 73400 can strengthen the prices as well.
ENERGY
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 243 region.
BASE METALS
Copper
Mild Weakness may prevail in the counter. Rebound may strengthen above 728.
Lead
Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.
Aluminium
Mild Weakness expected to prevail. Rebound may sustain above 204.30
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