Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 17 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 75640 may induce a corrective fall.
Silver
Mild positivity may be witnessed in the current session. However, a dip below the SMA support near 91000 region can trigger weakness.
Crude Oil
Sturdy move above SMA resistance 6040 may offer some upside room for prices. Else, mild correction is possible in the current session
Natural Gas
MACD bearish divergence suggest the prevalence of weakness. However, if trades sustain above the EMA support at 206.30, prices may exhibit mild rebounds.
Copper
Prices expected to slightly edge lower in the current session. Steady rebound above EMA resistance 820.70 may offer upside room.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades expected. A voluminous dip below 277 region may induce correction.
Lead
Range bound trades with mild negative bias expected. Prices may strengthen above EMA resistance of 184.80 region.
Aluminium
Range bound trades expected to witness. Rebound may strengthen only if the trades sustain above 237.60 region.
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