Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 15 May 2024 - Geojit Financial Services Ltd
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Gold
Prices may appear firmer above 72850 region. Whereas, a fall below 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
Extended dip below 6480 may trigger weakness. Rebound may sustain only above 6610 region.
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 dip below 884 may induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves expected. Fall below 263.80 may weaken prices.
Lead
Prices may strengthen above 196.10 region. Inability to sustain above the same can induce mild correction.
Aluminium
Mild positive sentiments expected to prevail in the counter. Slip below 236.40 may undermine prices.
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