Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 24 April 2024 - Geojit Financial Services Ltd
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Gold
A bearish crossover in the MACD indicates potential weakness. Nevertheless, a sustained rebound above 72000 could rule out the possibility of a downward trend.
Silver
Extended decline below 80900 could exacerbate weakness, while holding the support at this level may prompt mild rebounds.
Crude Oil
MACD bearish divergence suggest prevalence of weakness. However, rebound could gather momentum above 6960 region.
Natural Gas
Recovery moves may further accelerate beyond 179. While holding the same resistance could induce corrective moves.
Copper
Recovery moves may strengthen with steady moves above 850 region. Corrective dips may find support at 840 region, and weakness may extend further if the support is breached.
Nickel
Lack of volume in the counter.
Zinc
Sturdy move above 250.90 region may strengthen the prices. Prices may appear weaker below 247.20 region.
Lead
Prices may pick momentum above 191.10 region. Corrective moves possible to witness below 188.90.
Aluminium
Intraday moves expected to be range bound, while a dip below 236.20 can induce mild weakness.
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