Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 February 2024 - Geojit Financial Services Ltd
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Gold
Sustained trades above 61500 region may strengthen the prices further. Corrective dip below the same may induce weakness as well.
Silver
Prices may appear firmer above 72100 region. Whereas, fall below the support of 71300 may induce mild weakness.
ENERGY
MACD Bullish divergence suggest mild positivity. Prices may appear firmer above 6540 region. Whereas, a dip below 6400 weaken prices as well.
Natural Gas
MACD Bearish divergence suggest weakness. Holding any of the support may induce mild rebounds.
BASE METALS
Copper
Extended gains above 725 may further strengthen the prices. Inability to clear the same may induce mild consolidation.
Nickel
Lack of volume in the counter.
Zinc
Voluminous trades above 214.90 region may strengthen prices further. Else, mild corrective moves may be seen.
Lead
Range bound trades with mild weakness expected. Prices may further strengthen above 178.40 region.
Aluminium
Mild weakness expected. Whereas a rebound above 202.60 may strengthen the prices as well.
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