Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 17 May 2024 - Geojit Financial Services Ltd
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Gold
Range bound trades with mild positive bias may be seen in the counter. Whereas, a fall below 72400 may trigger correction.
Silver
Mild positive sentiments prevail in the counter. However, a slippage past 86820 could set in some profit booking.
ENERGY
Crude Oil
Sturdy move above 6690 may strengthen the momentum. Weakness can be seen only if prices break and sustain below trend line support at 6530 region.
Natural Gas
Sustained trades above 202 region may boost upward momentum. Whereas, a dip below the same may induce corrective dips.
BASE METALS
Copper
Prices may appear firmer above 906 region, while a dip below 891 may induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves expected. Fall below 260.10 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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