Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 1 February 2024 - By Geojit Financial Services Ltd
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GOLD:
A voluminous rebound above 62680 may offer further upside. Corrective dips may be seen below 61900 region.
Silver:
Mild weakness possible for the day. However, a sturdy rebound above 72000 can strengthen the prices.
Crude Oil:
MACD Bullish divergence suggest prevalence of positivity. However, prices need to break above 6440 to revive the momentum. Weakness may be seen if prices slip below 6300 region.
Natural Gas:
MACD Bearish divergence suggest prevalence of weakness. However, prices may strengthen if trades extend above 186 region.
Copper:
Corrective moves may be seen if the trend line resistance level at 734 remain intact. Rebound above the same could strengthen the prices.
Nickel:
Lack of volume in the counter.
Zinc:
Mild weakness may be seen. Rebound above the 224.70 region may strengthen the prices.
Lead:
Range bound moves may be seen. Rebound may strengthen above 182.70.
Aluminium:
Range bound moves with mild weakness expected. Rebound may strengthen above 203.60.
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