Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 April 2024 - Geojit Financial Services Ltd
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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
MACD bearish divergence suggest prevalence of weakness. Rebound could gather momentum only above 6900 region.
Natural Gas
Recovery moves may gain momentum above 150 region, and would further accelerate beyond 154. While holding any of these resistance could induce corrective moves.
Copper
Surpassing the trend line resistance at 841 would strengthen the momentum. While dip below 828 region could induce mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Sturdy move above the trend line resistance of 251.30 may offer further upside. Whereas a dip below 247.60 may weaken prices as well.
Lead
Sturdy gains above 190.90 could strengthen the prices further. Holding the same resistance level may induce mild correction.
Aluminium
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