Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 09 November 2023 By Geojit Financial Services Ltd
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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