Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 June 2024 - Geojit Financial Services Ltd
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Gold
Solid gains above 72000 can strengthen prices. Corrective moves may extend lower with dips below 70670 region.
Silver
MACD bearish divergence suggest the possibility of weakness. Prices could strengthen with a steady rebound above 89250 region.
Crude Oil
MACD Bullish divergence suggest possibility of uptrend. However, dip below 6600 may trigger corrective moves.
Natural Gas
Corrective moves may prevail in the current session. Holding any of the supports can induce mild rebounds.
Copper
MACD bearish divergence indicate the possibility of mild weakness. Prices could strengthen with sturdy rebound above 850 region.
Nickel
Lack of volume in the counter.
Zinc
Corrective move is possible. Rebounds above 258.30 region could strengthen the prices.
Lead
Dip below 186.30 region may induce weakness. A steady gains above 188.60 may strengthen the prices.
Aluminium
Extended dip below 228.30 may weaken the prices further. Rebounds may strengthen above 231.50 region.
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