Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 February 2024 - Geojit Financial Services Ltd
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Gold
Sustained trades above 61500 region may strengthen the prices further. Corrective dip below the same may induce weakness as well.
Silver
Prices may appear firmer above 71600 region. Whereas, fall below the support of 70860 may induce mild weakness.
ENERGY
Crude Oil
Extended gains above 6540 may offer further upside. Whereas, a dip below 6410 may induce mild weakness.
Natural Gas
Sustained trades above 148 may extend recovery moves. Else, mild corrective move is possible to witness below the same range.
BASE METALS
Copper
Prices may appear firmer above the trend line resistance at 735 region. Else, mild correction may be seen.
Nickel
Lack of volume in the counter.
Zinc
Voluminous trades above 215 region may strengthen prices further. Dip below 212.50 may induce weakness as well.
Lead
Prices may further strengthen above 178.70 region, whereas a dip below 176 may induce mild correction.
Aluminium
Extended dip below 199.50 region may weaken the momentum. Whereas, rebound may sustain above 201.50 region.
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