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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 11 October 2024 - Geojit Financial Services Ltd
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Gold
Fall below the SMA support 74500 may extend the corrective fall. Holding the same support can induce mild rebounds
Silver
Prices may appear firmer above 91650 region. Whereas, a dip below the support 90200 region can induce weakness.
Crude Oil
MACD Bullish divergence suggest the possibility of mild uptrend. However, a fall below the support 6220 may extend prices lower in the current session.
Natural Gas
Extended fall below 219.80 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 283.50 may induce mild weakness.
Lead
Rebound may strengthen if prices edge higher above 185.20. Inability to move above the same can induce corrective dips.
Aluminium
Prices may edge northward. Fall below 239 may drag prices lower.
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