Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 13 September 2023 By Geojit Financial
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BULLION
Gold
Range bound moves with mild weak bias expected in the intraday. Dip below 58300 may induce further weakness. Rebound above the 58800 may strengthen the prices.
Silver
Extended dip below 71000 region on the trend line may weaken the prices. Rebound may sustain only above 72300 region.
ENERGY
Crude Oil
MACD Bullish divergence suggest uptrend. Sustained trades above 7430 region may strengthen
the momentum. A dip below 7200 may induce weakness as well.
Natural Gas
Prices may appear firmer above 232 region. A dip below 221 may weaken the prices for the
day
BASE METALS
Copper
Prices may appear firmer above 737 region. Weakness expected only
below 718 region.
Nickel
Thin volume trades seen.
Zinc
Prices may appear firmer only above 223.20 region. A corrective dip
below 217.90 may induce weakness.
Lead
Prices may strengthen above 187.70 region. Weakness may be seen if
prices dip below 186 region.
Aluminium
A Voluminous break above the trend line resistance of 203.20 region.
Whereas, a dip below 200.50 may induce weakness.
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