Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 May 2024 - Geojit Financial Services Ltd
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Gold
Prices may edge higher with steady gains above 74400 region. Whereas, a dip below 73500 may trigger correction.
Silver
MACD divergence suggest prevailing positive sentiments. However, a slippage past 92670 could set in some profit booking.
ENERGY
Crude Oil
Extended fall below 6415 region may trigger weakness. Holding the same level may induce mild rebounds.
Natural Gas
Prices may weaken below 214 region, while holding the same support may induce mild rebounds.
BASE METALS
Copper
Extended fall below 911.70 region could trigger weakness, while holding the same support may induce mild rebounds.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild positive bias expected in the counter. Fall below 271.60 may weaken prices.
Lead
Prices may strengthen above 196.10 region. Inability to sustain above the same can induce mild correction.
Aluminium
Range bound trades with mild positive sentiments expected to prevail in the counter. Slip below 244.20 may undermine prices.
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