Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 14 October 2024 - Geojit Financial Services Ltd
Gold
Prices expected to edge north bound in the current session. Fall below the support 75390 may induce a corrective fall.
Silver
Prices may appear firmer above 91650 region. Whereas, a dip below the support 90200 region can induce weakness.
Crude Oil
Sustained trades above EMA support of 6150 region may rule out the chances of extended correction. Voluminous dip below SMA support may trigger weakness as well.
Natural Gas
Mild weakness expected in the counter. Steady rebound above 227 region can strengthen the prices as well.
Copper
A voluminous dip below EMA support of 821.50 can trigger weakness. Holding the same support can induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
Corrective moves dips below 280.80 may induce mild weakness. Else, mild rebounds may witness above the same support.
Lead
Corrective moves expected to prevail. Rebound may sustain only if prices edge higher above 183.70.
Aluminium
Witnessing corrective moves may weaken below the SMA support 234.60. Holding the same support can induce rebounds.
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