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19-06-2024 06:07 PM | Source: Geojit Financial Services
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 June 2024 - Geojit Financial Services Ltd

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Gold

Solid gains above 72000 can strengthen prices. Corrective moves may extend lower with dips below 70670 region.

 

Silver

MACD bearish divergence indicate the chances of weakness. Prices could strengthen with a steady rebound above 89250 region.

 

Crude Oil

MACD Bullish divergence suggest possibility of north bound moves in the current session. Nevertheless, holding the resistance may trigger corrective moves.

 

Natural Gas

Corrective moves extend lower only if the support at 237 region is breached. Whereas, holding the same support can induce mild rebounds

 

Copper

Prices could strengthen further if trades sustain above 850 region. Whereas, dip below the same an induce mild weakness.

 

Nickel

Lack of volume in the counter.

 

Zinc

Sustained trades above 258.30 may offer further upside. Corrective moves may be triggered with a dip below the same support.

 

Lead

Sturdy move above 191 region may strengthen the prices. Dip below 188.50 region may induce weakness.

 

Aluminium

Mild correction is still possible in the counter. However, Rebounds above 232.40 region may strengthen prices.

 

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