Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 23 January 2024 By Geojit Financial Services Ltd
Gold
MACD bearish divergence suggest mild weakness. However, a voluminous rebound above 62200 may strengthen the prices.
Silver
Range bound moves with mild negative bias expected in the counter. Rebound may sustain only with steady gains above 71700 region.
Crude Oil
Prices may further strengthen above 6280 region. However, weakness may continue if trades open and sustain below 6080 region.
Natural Gas
An extended dip below 198 may induce further weakness. However, prices may strengthen with voluminous rebound above 210 region.
Copper
Rebound above 728 region may strengthen the prices. Corrective dips possible below 720 region.
Nickel
Lack of volume in the counter.
Zinc
Prices may appear firmer above 224.90 region. Dip below 223 may induce weakness.
Lead
Recovery moves may strengthen above 184 region. Weakness may be seen below 182.50.
Aluminium
Rebound may strengthen above 200.80. Weakness expected to continue if prices dip below 197.70.
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