Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 12 October 2023 By Geojit Financial
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BULLION
Gold
MACD Bullish crossover suggest possible uptrend. However, a dip below 57400 region may induce weakness for the day.
Silver
Prices may appear firmer above 70200 region. Whereas, a dip below 68600 may induce weakness as well.
ENERGY
Crude Oil
MACD Bearish divergence indicates the prevalence of weakness. However, prices need to dip below 6860 region to extend weakness. Whereas, a sturdy rebound above 7100 region may offer further upside.
Natural Gas
MACD Bullish divergence suggest further upside moves. However, a dip below 276 may weaken the prices for the day.
BASE METALS
Copper
Dip below 704 support may induce further weakness. Rebound may strengthen above 714.
Nickel
Thin volume trades seen
Zinc
Weakness may be seen below 219.60 region. Rebound expected to sustain only above 223.20 region.
Aluminium
Sustained trades below 204.90 region may offer further downside. Rebound above the same level may induce mild positivity.
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