Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 13 October 2023 By Geojit Financial
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BULLION
Gold
MACD Bullish crossover suggest possible uptrend. However, a dip below 57400 region may induce weakness for the day.
Silver
Prices may appear firmer above 70200 region. Whereas, a dip below 68600 may induce weakness as well.
ENERGY
Crude Oil
Sturdy gains above 7240 region may offer further upside. Holding the same resistance can also induce corrective dips.
Natural Gas
Extended dip below 268 may weaken the prices further. Rebound expected to sustain only above 277.
BASE METALS
Copper
Sustained trades below 704 region may induce further weakness. Voluminous trades above the same may strengthen the prices as well.
Nickel
Thin volume trades seen.
Zinc
Weakness extend if prices dip below 218.80 region. Rebound expected to sustain only above 220.80 region.
Lead
A steady rebound above 187.60 region may strengthen the prices. Dip
below 185 region induce weakness.
Aluminium
Sustained trades below 204.90 region may offer further downside. Rebound above the same level may induce mild positivity.
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