Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 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 76250 may induce a corrective fall.
Silver
Mild positivity may be witnessed in the current session. However, a dip below the support of 91740 region can trigger weakness.
Crude Oil
Sturdy move above SMA resistance 6000 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 205.80, prices may exhibit mild rebounds.
Copper
Prices expected to trade sideways in the current session. Steady move above SMA resistance 832.70 may offer upside room.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias expected. A voluminous dip below SMA support 280.20 may induce correction.
Lead
Prices may strengthen above EMA resistance of 184.70 region. Else, consolidation may be witnessed.
Aluminium
Prices may strengthen if the trades sustain above 239.60 region. Else, range bound trades may witness in the current session.
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