Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 12 April 2024 - Geojit Financial Services Ltd
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Gold
Positive moves appear dominant in the counter as MACD bullish divergence suggest. Nevertheless, dip below 71600 region may induce mild weakness.
Silver
MACD bullish divergence suggest positivity still prevail in the counter. However, holding the resistance at 84850 may induce mild correction.
Crude Oil
Prices may appear firmer above 7250 region. Whereas, a dip below 7110 region could induce weakness.
Natural Gas
Extended dip below 146 could induce weakness, while a rebound above 154 region may offer further upside.
Copper
Positive sentiments expected to prevail. However, corrective move below 825 region may induce mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Positivity still witnessed in the prices. Whereas, a dip below 247 may induce weakness.
Lead
Sturdy gains above 190.90 could strengthen the prices further. Holding the same resistance level may induce mild correction.
Aluminium
Positive moves could still prevail, while holding any of the resistance could potentially trigger correction.
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