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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 May 2024 - Geojit Financial Services Ltd
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Gold
MACD Bullish crossover indicates positive sentiments would prevail in the counter. Whereas, a dip below 73500 may trigger correction.
Silver
MACD divergence suggest prevailing positive sentiments. However, a slippage past 92670 could set in some profit booking.
ENERGY
Crude Oil
Extended fall below 6480 region may trigger weakness. Holding the same level may induce mild rebounds.
Natural Gas
Positive sentiments expected to witness in the current session. Whereas, holding resistance at 235 region may induce corrective dips.
BASE METALS
Copper
Prices may appear firmer today if trades sustain above 930 region, while a dip below the same may induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Positive sentiments expected to prevail. Fall below 271.60 may weaken prices
Lead
Prices may strengthen above 196.10 region. Inability to sustain above the same can induce mild correction
Aluminium
Mild positive sentiments expected to prevail in the counter. Slip below 242.30 may undermine prices.
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