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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 17 December 2024 - Geojit Financial Services Ltd
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Bullion
Gold
Extended dip below 75900 may induce further weakness. Recovery moves may gather momentum above 76780 region.
Silver
Prices may trade southward. Any recovery move in the intraday session could possibly strengthen only with steady move above 91100 region.
Energy
Crude Oil
As long as EMA level 5910 remain intact, sideway trades or mild upticks can be expected. A voluminous dip below the same may induce mild weakness.
Natural Gas
Extended rebound above 279 region may strengthen prices. Else, mild correction is possible.
Base Metals
Copper
Prices may exhibit mild weakness. Holding any of the support levels may offer upticks.
Nickel
Lack of volume in the counter.
Zinc
Mild corrective moves possible. Upticks may occur if any of the support levels held.
Base Metals
Lead
Mild weakness may be seen in the counter. Recovery move may strengthen above 179.70 region.
Aluminium
Extended fall below 240 region can trigger weakness. Holding the same support may induce mild upticks.
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