Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 21 November 2024 - Geojit Financial Services Ltd
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Gold
Prices may edge northward. Falling below EMA 75500 level can induce mild correction
Silver
Mild correction is possible in the counter. Recovery move may strengthen above EMA level 91000.
Crude Oil
Prices could stretch northward if trades break above EMA level 5970. Or else, corrective dips possible to witness below this level.
Natural Gas
MACD bullish divergence suggest positivity. However, a fall below 279 may trigger correction.
BASE METALS
Copper
Sustaining trades above the EMA resistance at 818 can offer upside room. Whereas, dip below 802 region can induce correction.
Nickel
Lack of volume in the counter.
Zinc
Prices mar appear weaker below 275.80 region. Holding the same support can induce rebounds.
Lead
Mild corrective moves expected. However, sturdy move above 182 can strengthen the prices.
Aluminium
Upticks are possible if prices stay above the SMA level 240.80. While, correction is possible below the same level.
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