Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 11 November 2024 - Geojit Financial Services Ltd
Gold
Range bound trades with mild weak bias expected as long as trades sustain below SMA level at 77560. Recovery move above the same region may strengthen the prices.
Silver
Mild weak bias is expected to prevail. Recovery move above EMA level at 91680 can offer upside room.
Crude Oil
Mild weakness expected to prevail in the counter. Extended dip below 5770 region can trigger downward dips. Recovery upticks may occur if the same support remains intact.
Natural Gas
Prices may extend northbound moves in the current sessions. Prices may gain momentum if trades extend further above 245.70 region on the trend line resistance. Holding the same level may induce correction as well.
Copper
A direct drop below EMA support at 822.60 may induce further weakness. Else, recovery upticks may witness holding the same support.
Nickel
Lack of volume in the counter
Zinc
Range bound trades may be witnessed in the current session. Sustained trades below the SMA level 279.30 may induce weakness.
Lead
Range bound trades expected. Rebound above 182.80 can strengthen the prices.
Aluminium
Mild correction expected initially. Whereas, a rebound may sustain above 242 region.
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