Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 16 April 2024 - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold
MACD bullish divergence suggest prevalence of positivity. Nevertheless, dip below 72000 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 137 could induce weakness, while holding the same support may induce mild rebound.
Copper
Range bound moves with mild positive bias expected. Surpassing the trend line resistance at 841 would strengthen the momentum. While dip below 820 region could trigger mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Extended dip below 239 may weaken prices further. Whereas, holding the same support may induce mild rebounds.
Lead
Sturdy gains above 190.90 could strengthen the prices further. Holding the same resistance level may induce mild correction.
Aluminium
Prices may strengthen above 232.50, while a dip below 229.30 could potentially trigger correction.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
