Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 23 May 2024 - Geojit Financial Services Ltd
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Gold
Prices may appear range bound in the intraday session. A dip below 71730 may signal downward trend.
Silver
Major weakness could be ruled out as long as trades sustain above 90800 region, while a dip below the same could indicate weakness.
ENERGY
Crude Oil
Extended fall below 6415 region may trigger weakness. Else, recovery moves may be seen.
Natural Gas
Prices may strengthen further above 239 region, while holding the same resistance may induce mild correction.
BASE METALS
Copper
Extended fall below 880 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 weak bias expected in the counter. Rebound above 272.90 may strengthen prices.
Lead
Prices may weaken further below 189.50 region. Rebound may be seen with steady gains above 192.70 region.
Aluminium
Extended dip below 236.20 region may weaken prices. Rebound could strengthen only with steady move above 240.80.
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