Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 23 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 72660 region may induce weakness.
ENERGY
Crude Oil
Weakness is possible as long as trades sustain below 6420 level. Rebound above the same can strengthen the prices.
Natural Gas
Rebound may strengthen with steady gains above 245. Dip below 235 can induce further weakness as well.
BASE METALS
Copper
Prices may appear firmer above 725 region. Unable to break above the same can cause corrective dips.
Nickel
Thin volume trades seen
Zinc
Rebound may strengthen above 228.40 region. However, weakness is possible if prices dip below 224.60 region.
BASE METALS
Lead
Extended dip below 188.70 region may weaken prices further. Whereas, holding the same support may induce mild rebounds.
Aluminium
Range bound moves with mild negative bias expected in the counter. Prices may strengthen with steady gains above 207.
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