Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 15 October 2024 - Geojit Financial Services Ltd
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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
Prices expected to move southbound. However, a voluminous rebound above SMA resistance may offer some upside room in the current session.
Natural Gas
MACD bearish divergence suggest the prevalence of weakness. However, with revisiting trades above the EMA support at 206.60, prices may regain some strength in the current session.
Copper
Prices may extend downward moves in the current session. Whereas, a voluminous rebound above EMA resistance 821.10 may offer some upside room.
Nickel
Lack of volume in the counter
Zinc
Intraday trades expected to be southbound. However, a voluminous rebound above 279.80 region can strengthen prices as well.
Lead
Aluminium
Extended dip below the EMA support 230.30 may trigger weakness. Holding the same support can induce rebounds..
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