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01-02-2024 06:14 PM | Source: Geojit Financial Services Ltd
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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