Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 11 September 2024 - Geojit Financial Services Ltd
Gold
Mild positive bias expected. Fall below the SMA support of 71250 can induce mild corrective moves.
Silver
Range bound trades with mild positive bias expected. Sturdy move above 85660 region can strengthen the prices. Dip below EMA support at 83890 region can induce correction.
Crude Oil
MACD bearish divergence suggest prevalence of weakness. However, a rebound may strengthen above 5750 region.
Natural Gas
Range bound moves with mild positive bias expected. Fall below EMA support of 185 region can drag the prices lower.
Copper
Rebound above 795 region can strengthen the prices further. Else, mild correction may be seen below the same level.
Nickel
Lack of volume in the counter.
Zinc
Rebound may strengthen above EMA level of 260.90 region. Holding the same resistance may induce correction.
Lead
Rebounds may extend in the current session. Corrective moves may be seen below 181.90 region.
Aluminium
Prices may appear firmer above 224 region. Or else, mild correction is possible in the current session
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