Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1 December 2023 By Geojit Financial Services Ltd
BULLION
Gold
Bullish divergence in MACD lines suggest positivity in prices. However, weakness may be seen below 62120 region.
Silver
MACD bullish divergence suggest prevalence of positivity. Weakness expected only below 75910 region.
Crude Oil
Prices may appear weaker below 6260 region. Whereas, a rebound would strengthen above 6420 region.
Natural Gas
Prices may weaken further if prices dip below 229 region. Holding the same support can induce mild rebounds
.
Copper
Prices may appear firmer as long as trades sustain above 720 region. Else, corrective dips may witness below this level.
Nickel
Thin volume trades seen.
Zinc
Rebound may sustain above 224.80 region. Dip below 222.10 may induce weakness as well.
Lead
Range bound moves expected. Steady gains above 186.50 could offer further upside.
Aluminium
Rebound above 201.70 may strengthen the prices. Mild weakness is possible below 200.50.
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