Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 1 March 2024 - Geojit Financial Services Ltd
Gold
Prices remain choppy initially. Corrective dips may occur if prices dip below 61700. Whereas, holding the same can induce mild rebounds as well.
Silver
Consistent trades below Rs 70200 would trigger selling pressure. Else, recovery upticks are on the cards.
Crude Oil
A direct break above Rs 6595 would trigger another round of fresh bullish wave. Else, choppy trading expected the day.
Natural Gas
Immediate resistance above Rs 162 likely to extend buying interest. If not expect corrective selling pressure.
Copper
Range bound moves may be seen. Dip below 723 region may extend weakness, while sturdy gains above 735 may strengthen the prices.
Nickel
Lack of volume in the counter.
Zinc
Prices remain range bound for the day. Prices may strengthen only above 215.40. Weakness may be seen below 213.20.
Lead
Weak bias to continue initially. However, if it hold the support of 175.2 may see mild recovery in prices.
Aluminium
A direct dip below Rs 199 would extend weakness. Else, there are chances of recovery upticks.
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