Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 13 Aug 2024 - Geojit Financial Services Ltd
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Gold
Extended rebound above EMA resistance of 70620 region may strengthen the momentum. Else, mild correction may seen below the same region.
Silver
Range bound trades expected in the current session. Prices may appear firmer above 82000 region, while weakness may seen if prices dip below 80600 region.
Crude Oil
North bound trades expected to prevail. Slippage below EMA support of 6590 can induce mild weakness.
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 above 792 region may strengthen the momentum. Slippage below 776 can induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Corrective move below 254.10 may offer further downside room for the prices. A rebound can strengthen above 260.80 region.
Lead
Recovery move could strengthen further above 189.70 region. Else, mild correction is possible below the same.
Aluminium
North bound trades may be witnessed. Corrective move below 212.70 can induce mild weakness.
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