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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 11 December 2023 By Geojit Financial Services Ltd
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BULLION
GOLD
MACD bearish divergence suggest prevalence of weakness. Rebound may sustain only above 61700 region.
Silver
MACD bearish divergence suggest weakness in the counter. Extended dip below 71770 may weaken prices further. Rebound may sustain above 72600 region.
ENERGY
Mild weakness may be seen. Prices may strengthen only with sturdy gains above 5980 region.
Natural Gas
MACD bearish divergence suggest prevalence of weakness. Rebound may sustain above 208 region.
BASE METALS
Copper
Rebound may strengthen if trade sustain above 718 region. Unable to break above the same may induce mild weakness as well.
Nickel
Thin volume trades seen.
Zinc
Mild Weakness expected to prevail. Rebound above 216.30 region may strengthen the prices.
BASE METALS
Lead
Prices may appear weaker below 181.10. Unable to break below the same can induce mild pullbacks.
Aluminium
Weakness may continue further if prices dip below 193.20 region. Rebound above 196 may strengthen the prices as well.
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