Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 12 Aug 2024 - Geojit Financial Services Ltd
Gold
Extended rebound above 70320 region may strengthen the momentum. Else, mild correction may seen below the same region.
Silver
Recovery moves possible to extend in the current session, while weakness may seen if prices dip below 80600 region.
Crude Oil
Prices may appear firmer above EMA resistance of 6580 region. Invalidity to cross above the same can induce correction.
Natural Gas
Extended rebounds above EMA resistance of 190 could strengthen the prices further. Whereas, inability to sustain above the same can induce correction.
Copper
Rebound may strengthen with voluminous trades above 794 region. Slippage below 776 can induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Expect north bound moves. Corrective dips below support at 260.80 region may induce correction.
Lead
Recovery move could strengthen further above 189.80 region. Else, mild correction is possible below the same.
Aluminium
Prices expected to trade northward. Corrective move below 214.60 can trigger mild correction.
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