Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 15 February 2024 - Geojit Financial Services Ltd
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Gold
Bearish Divergence in MACD lines suggest weakness to continue in the counter. Any rebound could sustain only above 61500 region.
Silver
Mild rebounds possible as long as trades sustain above 70250 region. Whereas, fall below the same support may induce mild weakness.
ENERGY
Range bound moves may be seen. A dip below 6270 weaken prices, while holding the same support can offer mild rebounds.
Natural Gas
MACD Bearish divergence suggest weakness may continue further. Holding any of the support may induce mild rebounds.
BASE METALS
Copper
Extended gains above 710 may strengthen the momentum. Inability to clear the same may call for choppy to weak trades.
Nickel
Lack of volume in the counter
Zinc
MACD Bearish divergence suggest prevalence of weakness. However, rebounds above 210.50 may strengthen prices.
Lead
Prices may further strengthen above 178.70 region. Else, mild correction may be seen.
Aluminium
Range bound moves expected. Weakness may extend below 199, whereas a rebound above 202.60 may strengthen the prices as well.
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