Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 09 May 2024 - Geojit Financial Services Ltd
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Gold
MACD bearish divergence suggest the possibility of weakness. Nevertheless, a sustained trades above 70900 could rule out the possibility of a downward trend.
Silver
Range bound moves expected in the intraday session. Whereas, a dip below 81850 region may undermine the sentiments.
ENERGY
Crude Oil
Rebound could gather momentum if prices rise above the 6690 region. However, failure to surpass this level might trigger a slight correction.
Natural Gas
Voluminous dip below the 180 region may undermine prices. Or else, mild rebound may be seen.
BASE METALS
Copper
Prices may extend weakness below 850 region. Or else, mild rebounds may be seen.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild negative bias may witness. However, a rebound above 258.10 could strengthen the prices.
Lead
Prices may strengthen above 194.40 region. Weakness may witness below 192.10.
Aluminium
Range bound trades with mild weak bias expected in the counter. Rebound may gain momentum above 234 region.
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