Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 June 2024 - Geojit Financial Services Ltd
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Gold
Solid gains above 72000 can further strengthen the prices. Corrective moves may extend lower with dips below 70670 region.
Silver
Prices may appear firmer above 90900 region. Holding the same resistance can induce mild correction.
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 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
Range bound trades with mild rebounds expected in the counter. Dip below 187.40 region may induce weakness.
Aluminium
Range bound moves expected in the counter. However, Rebounds above 233 region may strengthen prices.
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