18-01-2024 07:12 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 January 2024 By Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

BULLION:

Gold:

MACD bearish divergence suggest mild weakness. However, a voluminous rebound above 62200 may strengthen the prices

Silver:

MACD Bearish divergence suggest possibility of weakness. Rebound may sustain only with steady gains above 72150 region.

ENERGY:

Crude Oil:

Mild rebounds possible in the counter. Prices may appear firmer above 6130 region. Meanwhile, weakness can be witnessed if prices dip below 5920 region.

Natural Gas:

Prices may strengthen with voluminous rebound above 247 region. Whereas, an extended dip below 234 may induce weakness as well.

BASE METALS:

Copper:

MACD divergence suggest prevalence of weakness in the counter. However, a rebound above 718 region may strengthen the prices.

Nickel :

Lack of volume in the counter

Zinc:

Extended dip below 218.30 region may induce weakness. Rebounds may strengthen above 220.20 region.

BASE METALS:

Lead:

Weakness may continue of prices dip below 179. Recovery moves may strengthen above 180.90 region.

Aluminium:

Mild weakness to prevail in the counter. Rebound may strengthen above 201.20.

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer