Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 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 91100. Inability to move above the same can induce correction.
Crude Oil
Prices could stretch northward if trades open above 5880. Or else, corrective dips possible to witness in the current session.
Natural Gas
Mild positivity expected in the current session, while a fall below 253 may trigger correction.
Copper
Prices may appear firmer above the EMA resistance at 818. Whereas, dip below 802 region can induce correction.
Nickel
Lack of volume in the counter.
Zinc
Opening trades below EMA level, 278.40 may extend correction. Rebound above the same may offer some upside room
Lead
Opening trades above 182.10 can strengthen the prices. Else, mild correction may be seen
Aluminium
Upticks may be seen if prices stay above the SMA level 240.50. While, correction is possible below the same level.
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