Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 December 2023 By Geojit Financial Services Ltd
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BULLION
Gold
Range bound moves expected. Nevertheless, prices may strengthen above 62600 region. Weakness may extend if prices dip below 61700.
Silver
Prices may strengthen further above 75760 may strengthen prices further. Whereas a dip below 74550 may induce weakness as well.
ENERGY
Crude Oil
Mild positivity expected intraday. Whereas, a dip below 6150 can induce mild correction.
Natural Gas
Dip below 200 region would induce weakness in the counter. Rebound above 211 level may strengthen the prices as well.
Copper
A Voluminous dip below 724 region can induce mild weakness. Whereas a steady gain above 738 region would strengthen the prices.
Nickel
Thin volume trades seen.
Zinc
Corrective dips may be seen. However, MACD bullish divergence rule out the possibility of major weakness. Rebound would sustain above 227 region.
Lead
Range bound moves with mild rebounds may be seen in the intraday. Weakness may be seen below 182.
Aluminium
Further dip below 202.20 may induce weakness. Whereas, rebound may sustain above 203.80 region
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