Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 13 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 71850 region may strengthen the prices further. Whereas, a dip below 70800 level can induce mild weakness.
ENERGY
Crude Oil
Firm moves anticipated. However, fall past 6240 may call for more downside correction.
Natural Gas
MACD Bearish divergence suggest weakness may continue further. Any recovery moves could strengthen only above 160 region.
BASE METALS
Copper
715 may act as key resistance upside. Inability to clear the same may call for choppy to weak trades.
Nickel
Lack of volume in the counter.
Zinc
As long as support of 207 is held downside pullbacks may be seen. However, a voluminous rise above 212 ranges required for sentiments to improve.
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 202.60 may strengthen the prices as well.
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