Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 14 November 2024 - Geojit Financial Services Ltd
Gold
MACD Bearish divergence suggest the prevalence of weakness. Holding the trend line support at 71930 can induce rebounds.
Silver
Extended fall below the trend line support at 86070 can trigger further weakness. Inability to move below the same support can cause mild recovery moves.
Crude Oil
Extended dip below 5660 region can trigger downward dips. Voluminous rebound above 5900 may offer upside room.
Natural Gas
Prices may appear firmer above the trend line resistance at 254 region. A voluminous dip below 239 can trigger mild weakness as well.
Copper
Mild Weakness expected to prevail. Mild upticks may witness if prices held any of the downside support.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness may prevail in the current session. Holding the trend line support can induce rebounds.
Lead
Mild weakness expected. Holding any of the support can induce mild rebounds.
Aluminium
Intraday movement expected to be southbound. Recovery uptick can sustain only with sturdy move above EMA level at 235.70.
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