Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 12 November 2024 - Geojit Financial Services Ltd
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Gold
MACD Bearish divergence suggest the prevalence of weakness. Recovery move above the EMA level 75600 may offer some upside for the prices.
Silver
Mild weakness expected to prevail. Holding any of the support can induce rebounds.
Crude Oil
Extended dip below 5680 region can trigger downward dips. Voluminous rebound above 5840 may offer upside room.
Natural Gas
Prices may appear firmer above the trend line resistance at 251 region. Else, mild correction may witness. Voluminous dip below 238 can trigger mild weakness as well.
Copper
Intraday move expected to be southbound. Recovery upticks could sustain only with voluminous move above 820.10 region.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness may prevail in the current session. Holding any of the support can induce rebounds
Lead
Range bound trades expected. Rebound above 182.70 can strengthen the prices.
Aluminium
Extended dip below EMA support of 235.70 may trigger weakness. If prices held the same support, mild rebound may occur.
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