Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 14 Aug 2024 - Geojit Financial Services Ltd
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Gold
Extended rebound above EMA resistance of 70620 region may strengthen the momentum. Else, mild correction may seen below the same region.
Silver
Range bound trades with mild positive bias expected. Prices may appear firmer above 82000 region, while weakness may seen if prices dip below 80600 region.
Crude Oil
A slippage below SMA support of 6490 can induce weakness. Holding the same level can induce rebounds in the counter.
Natural Gas
Extended rebounds above EMA resistance of 189 could strengthen the prices further. Whereas, inability to sustain above the same can induce correction.
Copper
Rebound above 792 region may strengthen the momentum. Slippage below 776 can induce mild correction.
Nickel
Lack of volume in the counter
Zinc
Prices may strengthen above 260.80 region. Corrective move below 254.10 may offer further downside room for the prices.
Lead
Range bound trades with mild positive bias expected. Corrective move may extend if prices dip below 185.40.
Aluminium
North bound trades may be witnessed. Corrective move below 215 can induce mild weakness
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