Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 22 October 2024 - Geojit Financial Services Ltd
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Gold
Prices expected to edge north bound in the current session. Fall below the support 77000 may induce a corrective fall.
Silver
MACD bullish divergence suggest positivity in the current session. However, a dip below the support of 96520 region can trigger liquidation.
Crude Oil
Sturdy move above SMA resistance 6030 may offer some upside room for prices. Else, mild correction is possible in the current session.
Natural Gas
MACD bearish divergence suggest the possibility of weakness. However, if trades sustain above the EMA support at 204.80, prices may extend recovery moves.
Copper
Range bound trades with mild negative bias expected. Steady move above SMA resistance 833.20 may offer upside room.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias expected. A voluminous dip below 285.20 may induce correction.
Lead
Solid gains above SMA resistance of 183.20 region may offer uptrend. Else, corrective dips may be witnessed.
Aluminium
Sturdy move above 240.50 region may offer upside room. Dip below 237.60 can induce correction.
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