Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 23 July 2024 - Geojit Financial Services Ltd
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Gold
Corrective moves below 68500 may extend the prices further lower. Rebounds may strengthen above 70560 region.
Silver
Extending dip below 84100 region can further weaken the prices. Whereas, a steady rebound above 87250 region may offer further upside room for prices.
Crude Oil
MACD Bearish divergence signal weakness. Holding any of the support levels may induce rebounds. Prices may strengthen with steady gains above 6640 region.
Natural Gas
Recovery moves may strengthen further with sturdy gains above 193 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. Recovery may strengthen with voluminous moves above 262.70 region.
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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