Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 13 November 2023 By Geojit Financial Services Ltd
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Gold
MACD bearish crossover offer possibility for weakness. However, a rise above 59900 region may induce mild positivity in the counter.
Silver
Sustained trades below 70300 may weaken prices further. Whereas, a voluminous surge above the same region may strengthen the prices as well.
ENERGY
Crude Oil
MACD bearish divergence suggest the prevalence of weakness in the counter. Rebound may strengthen above 6520 region.
Natural Gas
Rebound may sustain with steady gains above 271 region. Else, mild correction may be seen
BASE METALS
Copper
Sustained trades below 706 region can extend weakness further. Whereas, a rebound above the same may strengthen the prices as well.
Nickel
Thin volume trades seen
Zinc
Range bound moves expected in the counter. A dip below 225 may induce weakness.
BASE METALS
Lead
Prices may strengthen above 187.70 region. Holding the same resistance can induce mild correction.
Aluminium
Dip below 204.10 may extend weakness. Rebound may sustain only above 205.80 region.
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