Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 12 June 2024 - Geojit Financial Services Ltd
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Gold
Extended dip below 70670 can offer further downtrend. A rebound above 71500 may offer upside.
Silver
MACD bearish divergence suggest the possibility of weakness. Prices could strengthen with a steady rebound above 89250 region.
Crude Oil
MACD Bullish divergence suggest northbound moves. Mild weakness may witness if prices fall below 6520 region.
Natural Gas
Northbound moves possible if prices sustain above 253 region. While, a corrective move below the same may induce weakness.
Copper
MACD bearish divergence indicate the possibility of mild weakness. However, sustained trades above 857 region can induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
MACD bearish divergence indicate the possibility of weakness. Recovery moves may strengthen above 256.30 region.
Lead
Extended dip below 186.30 region may induce weakness. A steady gains above 188.60 may strengthen the prices
Aluminium
Corrective moves may prevail in the counter. Recovery moves strengthen above 234.70 region.
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