19-04-2024 05:59 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 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

Extended fall below 82740 may weaken the prices. Or else, mild consolidation or rebounds may be witnessed.

 

Crude Oil

MACD bearish divergence suggest prevalence of weakness. Rebound could gather momentum only above 6960 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 844 would strengthen the momentum. While dip below 835 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

Intraday moves expected to be northbound, while a dip below 238.20 can induce correction.

 

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