Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 22 November 2023 By Geojit Financial Services Ltd
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Gold
Sustained trades above 60960 region may strengthen the prices further. Moderate weakness is expected if prices fall below the same.
Silver
MACD bullish divergence suggest prevalence of positivity. However, a dip below 73000 region may induce weakness.
ENERGY
Crude Oil
A steady rebound above 6500 can induce further upside trend. Moderate weakness is possible as long as trades sustain below the same level.
Natural Gas
Extended dip below 235 region may weaken prices further. Else, mild rebound may be seen holding the same support.
BASE METALS
Copper
A dip below 712 region may induce weakness. Rebound may strengthen only above 720 region.
Nickel
Thin volume trades seen.
Zinc
Weakness may be seen as long as trade sustain below 225 region. Whereas, a rebound above the same may strengthens the prices as well.
BASE METALS
Lead
Prices may appear weaker below 188.70 region. Further gains expected only above 190.80.
Aluminium
Range bound moves expected in the counter. Prices may strengthen above 205.70, while weakness may be expected below 203.50.
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