Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 July 2024 - Geojit Financial Services Ltd
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Gold
Corrective moves below 72530 may extend the prices further lower. Else, prices may remain range bound with moderate moves. Rebounds may strengthen above 73420 region.
Silver
MACD Bearish divergence indicate the possibility of weakness. Holding any of the support levels can induce mild rebounds.
Crude Oil
MACD Bearish divergence signal weakness. Holding any of the support levels may induce rebounds.
Natural Gas
Recovery moves may strengthen with sturdy gains above 186 region. Inability to cross the same resistance can induce mild correction.
Copper
MACD Bearish divergence suggest prevalence of weakness. While, holding any of the support levels can induce mild rebounds.
Nickel
Lack of volume in the counter.
Zinc
Weakness expected to prevail in the counter. Rebound may strengthen above 263.20.
Lead
Prices may appear weaker below 186. Whereas, a rebound above 188.50 region may strengthen the prices.
Aluminium
Prices expected to head southward. Holding any the support regions could induce rebounds.
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