Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 24 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.
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Crude Oil
MACD Bearish divergence indicate the possibility of weakness. However, a steady rebound above 6580 region can strengthen the momentum
Natural Gas
Range bound moves with mild negative bias is expected in the counter. However, a steady recovery move above 190 region can offer upside room for prices
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 likely to prevail in the counter. Recovery may strengthen with voluminous moves above 257.10 region.
Lead
Mild weakness expected to witness in the session. Sustained rebound above 184 region may strengthen the prices
Aluminium
Mild weakness still prevail in the counter. Holding any the support regions could induce rebounds.
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