09-11-2023 06:27 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 09 November 2023 By Geojit Financial Services Ltd

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Gold

MACD bearish crossover offer possibility for weakness. However, a rise above 60000 region 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

MACD bearish divergence suggest the prevalence of weakness in the counter. Rebound may be seen if prices move above 6420 region.

 

Natural Gas

Weakness may continue if prices dip below 255 region. Rebound may sustain with steady gains above 267 region

 

BASE METALS

Copper

Sustained trades below 706 region can extend weakness further. Whereas, a rebound above the same may strengthen the prices as well.

 

Nickel

Thin volume trades seen.

 

Zinc

Range bound moves expected in the counter. A dip below 226.50 may induce weakness.

 

BASE METALS

Lead

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

 

Aluminium

Dip below 205.20 may extend weakness. Rebound may sustain only above 207.80 region.

 

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