Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 23 October 2024 - Geojit Financial Services Ltd
Gold
Prices expected to edge north bound in the current session. Fall below the support 77630 may induce a corrective fall.
Silver
MACD bullish divergence suggest positivity in the current session. However, a dip below the support of 98350 region can trigger liquidation.
Crude Oil
Sturdy move above EMA resistance 6100 may strengthen the 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 204.30, prices may extend recovery moves.
Copper
Mild negative bias expected to prevail. Holding near the trend line support at 795 may induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
Prices may edge lower in the current session. A revisiting trades above 289.60 region may lift the prices higher.
Lead
Mild weakness expected. Rebound above 181.60 can offer upside room.
Aluminium
Sturdy move above 242.60 region may offer upside room. Dip below 238.70 can induce correction.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
