24-05-2024 04:54 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 24 May 2024 - Geojit Financial Services Ltd

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Gold

Corrective moves possible in the counter. Rebound above 72200 region would induce an upward trend for the day

Silver

Major weakness could be ruled out as long as trades sustain above 90250 region, while a dip below the same could indicate weakness.

ENERGY

Crude Oil

Southbound trades possible to witness in the current session. Whereas, rebounds could sustain only with sturdy move above 6450 region.

Natural Gas

Corrective moves may extend further if the support at 241 is breached, while holding the same level may induce mild rebounds.

BASE METALS

Copper

Mild weakness is possible in the session, while a rebound above 906 region can offer upward trend.

Nickel

Lack of volume in the counter.

Zinc

Range bound trades with mild weak bias expected in the counter. Rebound above 273.50 may strengthen prices.

Lead

Prices may weaken further below 189.50 region. Rebound may be seen with steady gains above 192.70 region.

Aluminium

Rebound could strengthen only with steady move above 240.80. Extended dip below 237.30 region may weaken prices.

 

 

 

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