Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 16 September 2024 - Geojit Financial Services Ltd
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Gold
North bound trades expected to continue. Fall below the SMA support of 73040 can induce corrective dips.
Silver
Prices expected to move northward. Dip below the support of 88660 can induce weakness.
Crude Oil
Intraday move expected to be range bound. Extended rebound above 5900 region can strengthen the prices, whereas a dip below 5740 may drag the prices lower.
Natural Gas
Fall below EMA support of 186.23 region can drag the prices lower. Holding the same level as support can induce mild rebounds.
Copper
Prices may appear firmer above the EMA resistance of 805.50 region. Else, mild correction may be seen below the same level.
Nickel
Lack of volume in the counter.
Zinc
North bound move may sustain the intraday session. Dip below 266.40 can induce corrective fall.
Lead
Rebounds may extend if prices cross above EMA resistance of 186.70. Corrective moves may be seen below 184.10 region.
Aluminium
Prices expected to edge northward. Dip below 228.40 may induce mild correction.
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