Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 June 2024 - Geojit Financial Services Ltd
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Gold
Solid gains above 72870 can further strengthen the prices. Corrective moves may extend lower with dips below 72000 region.
Silver
Prices may appear firmer above 93940 region. Corrective move may extend lower if prices breach the support at 92700 region.
Crude Oil
MACD Bullish divergence suggest possibility of north bound moves in the current session. Nevertheless, dip below 6730 may trigger corrective moves.
Natural Gas
MACD Bearish divergence suggest possibility of weakness. Whereas, holding any of the downside support levels can induce mild rebounds.
Copper
Sustained trades above 850 region can induce recovery moves. Whereas, dip below the same an induce mild weakness.
Nickel
Lack of volume in the counter
Zinc
Prices may strengthen above 261 region. Weakness may be triggered with a dip below 256.70.
Lead
Range bound trades with mild rebounds expected in the counter. Dip below 187.40 region may induce weakness.
Aluminium
Range bound moves with mild correction expected. However, Rebounds above 233 region may strengthen prices.
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