Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 February 2024 - Geojit Financial Services Ltd
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Gold
Sustained trades above 61500 region may strengthen the prices further. Corrective dip below the same may induce weakness as well.
Silver
Prices may appear firmer above 71600 region. Whereas, fall below the support of 70860 may induce mild weakness.
ENERGY
Crude Oil
Sustained trades below 6430 may extend weakness further. Whereas, a rebound above the same may induce mild positivity.
Natural Gas
Present rebound may pick momentum above 145 region. Else, mild consolidation is possible to witness below the same range.
BASE METALS
Copper
Prices may appear firmer above the trend line resistance at 730 region. Inability to break above the same may induce mild correction.
Nickel
Lack of volume in the counter
Zinc
Voluminous trades above 215 region may strengthen prices further. Dip below 212.50 may induce weakness as well.
Lead
Prices may further strengthen above 178.70 region, whereas a dip below 176 may induce mild correction.
Aluminium
Extended trades above 202.60 region may strengthen the momentum. Whereas, corrective moved may be seen below 200.80 region.
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