Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 November 2024 - Geojit Financial Services Ltd
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Gold
MACD Bearish divergence suggest the prevalence of weakness. However, sturdy move above 75410 region may strengthen upward momentum.
Silver
Recovery move may strengthen above EMA level 91100. Inability to move above the same can induce correction.
Crude Oil
Extended dip below 5650 region can trigger downward dips. Voluminous rebound above 5870 may offer upside room.
Natural Gas
Prices may appear firmer above the trend line resistance at 254 region. A voluminous dip below 239 can trigger mild weakness as well.
Copper
Range bound trades with mild weak bias expected. Prices could strengthen if the trades sustain above 807 region.
Nickel
Lack of volume in the counter.
Zinc
Mild weakness may prevail in the current session. Sustained trades above EMA level 278.70 can offer some upside room.
Lead
Mild weakness expected. Holding any of the support can induce mild rebounds.
Aluminium
Intraday movement expected to be southbound. Recovery uptick can be expected if prices fail to dip below EMA level at 236.20.
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