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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 December 2024 - Geojit Financial Services Ltd
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Bullion
Gold
Extended dip below 74930 may induce further weakness. Recovery moves may gather momentum above 76020 region.
Silver
Extended dip below 87390 may trigger weakness. Inability to cross below the same may induce recovery upticks.
Energy
Crude Oil
Prices may appear firmer above 6030 region. A voluminous dip below the SMA support of 5880 may trigger mild weakness.
Natural Gas
Prices may appear firmer above 298 region. Else, mild correction is possible.
Base Metals
Copper
Weakness could extend only with a fall below the trend line support at 794 region. Else, recovery upticks may witness.
Nickel
Lack of volume in the counter.
Zinc
Mild corrective moves possible. Recovery moves could strengthen only if with sustained trades above EMA level 282.90.
Base Metals
Lead
Mild weakness may be seen in the counter. Recovery move may strengthen above 179.30 region.
Aluminium
Extended fall below 240 region can trigger weakness. Else, mild upticks may occur.
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