Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 10 November 2023 By Geojit Financial Services Ltd
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Gold
MACD bearish crossover offer possibility for weakness. However, a rise above 60300 region may induce mild positivity in the counter.
Silver
Prices may appear weaker below 70300 region. Whereas, a voluminous surge above 71700 region may strengthen the prices as well.
ENERGY
Crude Oil
MACD bearish divergence suggest the prevalence of weakness in the counter. Rebound may strengthen above 6420 region
Natural Gas
Weakness may continue if prices dip below 247 region. Rebound may sustain with steady gains above 260 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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