Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 13 May 2024 - Geojit Financial Services Ltd
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Gold
Prices may appear range bound in the intraday session. However, fall past 71290 may induce weakness.
Silver
Mild positive sentiments prevail in the counter. However, a slippage past 83950 could set in some profit booking.
ENERGY
Crude Oil
Extended dip below 6500 region can weaken the prices. Whereas, a rebound above the 6690 region may gather momentum.
Natural Gas
A voluminous rise above 195 ranges is required for continuation of upward momentum. On the downside, 180 may act as key support level.
BASE METALS
Copper
While there prevails an upbeat sentiments, a fall past 868 may call for downside correction.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild positive bias expected. Slippage past 260 may dampen sentiments.
Lead
Prices may strengthen above trend line resistance of 195 region. Weakness may witness below 193 region.
Aluminium
Range bound trades with mild positive bias expected in the counter. Slip below 230.20 may dampen sentiments.
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