Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 December 2023 By Geojit Financial Services Ltd
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BULLION
Gold
Range bound moves with mild positive bias. Weakness may extend if prices dip below 61700.
Silver
Prices may strengthen further above 75760 region. Whereas a dip below 74550 may induce weakness as well.
Crude Oil
Mild positivity expected intraday. Whereas, a dip below 6150 can induce mild correction.
Natural Gas
Dip below 200 region would induce weakness in the counter. Rebound above 211 level may strengthen the prices as well.
Copper
A Voluminous dip below 724 region can induce mild weakness. Whereas a steady gain above 738 region would strengthen the prices.
Nickel
Thin volume trades seen.
Zinc
MACD bullish divergence suggest mild positivity. Rebound would sustain above 229 region. Dip below 224.90 may induce mild correction.
BASE METALS
Lead
Range bound moves with mild rebounds may be seen. Weakness may be seen below 182.
Aluminium
Rebound may sustain above 205.70 region. Dip below 203.80 may induce weakness.
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