Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 April 2024 - Geojit Financial Services Ltd
Gold
MACD convergence suggest a sideways trend. Nevertheless, dip below 72000 region may induce mild weakness.
Silver
Extended fall below 81550 may weaken the prices. Or else, mild consolidation or rebounds may be witnessed.
Crude Oil
MACD bearish divergence suggest prevalence of weakness. Rebound could gather momentum only above 6960 region.
Natural Gas
Recovery moves may gain momentum above 150 region, and would further accelerate beyond 154. While holding any of these resistance could induce corrective moves.
Copper
Surpassing 849 region would strengthen the momentum. While dip below 836 region could induce mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Sturdy move above the trend line resistance of 251.30 may offer further upside. Whereas a dip below 247.60 may weaken prices as well.
Lead
Sturdy gains above 190.90 could strengthen the prices further. Holding the same resistance level may induce mild correction.
Aluminium
Intraday moves expected to be northbound, while a dip below 238.20 can induce correction.
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