Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 15 April 2024 - Geojit Financial Services Ltd
Gold
MACD bullish divergence suggest prevalence of positivity. Nevertheless, dip below 71600 region may induce mild weakness.
Silver
MACD bullish divergence suggest positivity still prevail in the counter. However, holding the resistance at 84600 may induce mild correction.
Crude Oil
Extended dip below 6950 may weaken the prices. Rebound could gather momentum only above 7190 region.
Natural Gas
Extended dip below 145 could induce weakness, while a rebound above 154 region may offer further upside.
Copper
A mild positive bias still seen in the counter. Nevertheless, if the price corrects below the 825 region, it could trigger mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Sustained trades below 247 may add downward pressure. Whereas, a rebound above the same may strengthen the momentum.
Lead
Sturdy gains above 190.90 could strengthen the prices further. Holding the same resistance level may induce mild correction.
Aluminium
Positive moves could still prevail, while a dip below 229.30 could potentially trigger correction.
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