Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 14 May 2024 - Geojit Financial Services Ltd
Gold
Prices may appear range bound in the intraday session. However, fall past 71290 may induce weakness.
Silver
Mild positive sentiments prevail in the counter. However, a slippage past 83950 could set in some profit booking.
ENERGY
Crude Oil
Prices may appear firmer with steady gains above 6690. Voluminous dip below 6530 on the trend line support may offer early signal for weakness.
Natural Gas
A voluminous rise above 200 ranges is required for continuation of upward momentum. On the downside, 193 may act as key support level.
BASE METALS
Copper
Mild positivity prevail in the counter. A fall past 878.70 may call for downside correction.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild positive bias expected. Slippage past 261.50 may dampen sentiments.
Lead
Prices may strengthen above trend line resistance of 195 region. Weakness may witness below 193 region.
Aluminium
Range bound trades with mild positive bias expected in the counter. Slip below 231.40 may dampen sentiments.
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