11-11-2024 05:54 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 11 November 2024 - Geojit Financial Services Ltd

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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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