19-11-2024 06:12 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 November 2024 - Geojit Financial Services Ltd

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Gold

Sustained trades above EMA level 75440 may keep prices in northbound direction. Falling below the same level can induce mild correction.

 

Silver

Recovery move may strengthen above EMA level 91130. Inability to move above the same can induce correction.

 

Crude Oil

Prices could strengthen only with sturdy move above 5880 region. Or else, corrective dips possible to witness in the current session.

 

Natural Gas

Prices may appear firmer above the trend line resistance at 254 region. A voluminous dip below 243 can trigger mild weakness as well.

 

Copper

Recovery upticks can gain the momentum above the EMA resistance at 817.80. Whereas, dip below 802 region can induce correction.

 

Nickel

Lack of volume in the counter.

 

Zinc

Sustained trades above EMA level 278.70 can offer some upside room. Else, corrective moves may be seen if prices fall below this support.

 

Lead

Range bound moves expected. Prices may appear firmer above EMA level 182.10 region.

 

Aluminium

Recovery upticks may occur if prices stay above the SMA support at 240.40. Else, mild correction may witness if prices fall below the same support level.

 

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