Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 12 February 2024 - Geojit Financial Services Ltd
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Gold
Extended fall below 61900 region may induce weakness. A voluminous rebound above 62460 may offer further upside.
Silver
Extended gains above 71600 region may strengthen the prices further. Whereas, a dip below 70800 level can induce mild weakness.
ENERGY
Crude Oil
Prices may appear firmer above 6390 region. Whereas, holding the same resistance may induce mild correction.
Natural Gas
MACD Bearish divergence suggest weakness may continue further. Any recovery moves could strengthen only above 160 region.
BASE METALS
Copper
MACD bearish divergence suggest prevalence of weakness. However, rebound may strengthen only above 710 region
Nickel
Lack of volume in the counter.
Zinc
Rebound may strengthen above 209.10 region. Unable to break above same region can induce mild consolidation.
Lead
Rebound may strengthen above 177.50 region. Else, mild consolidation may be seen.
Aluminium
Range bound moves expected. Weakness may extend below 199, whereas a rebound above 201.80 may strengthen the prices as well.
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