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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 13 November 2024 - Geojit Financial Services Ltd
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Gold
MACD Bearish divergence suggest the prevalence of weakness. Recovery move above the EMA level 75590 may offer some upside for the prices.
Silver
Mild weakness still prevails in the counter. However, a voluminous move above 91440 region may offer upside room for prices.
Crude Oil
Extended dip below 5680 region can trigger downward dips. Voluminous rebound above 5910 may offer upside room.
Natural Gas
Prices may appear firmer above the trend line resistance at 250 region. Else, corrective move may extend lower. A voluminous dip below 238 can trigger mild weakness as well.
Copper
Range bound trades with mild negative bias expected. Recovery upticks could sustain only with voluminous move above 820.90 region.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness may prevail in the current session. Holding any of the support can induce rebounds.
Lead
Mild weakness expected. Rebound above EMA resistance of 182.60 can strengthen the prices.
Aluminium
Dip below EMA support of 235.80 may trigger weakness. If prices held the same support, mild rebound may occur.
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