Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 10 October 2024 - Geojit Financial Services Ltd
Gold
Fall below the SMA support 74330 may extend the corrective fall. Holding the same support can induce mild rebounds.
Silver
Extended dip below EMA support 87930 region can induce weakness. Or else, range bound trades may be witnessed in the current session.
Crude Oil
MACD Bullish divergence suggest the possibility of mild uptrend. However, a sustained fall below EMA support 6140 may extend prices lower in the current session.
Natural Gas
Extended fall below 218 region may trigger weakness. Whereas, holding the same region can induce rebounds.
Copper
A voluminous dip below EMA support of 820 can trigger weakness. Holding the same support can induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
Mild rebounds may be seen. Corrective dips below 276.50 may induce mild weakness.
Lead
Corrective moves may prevail in the counter. Holding any of the support may induce mild rebounds.
Aluminium
Rebounds may strengthen if prices sustain above 235.70. Or else, a corrective move is possible to witness.
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