Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 24 May 2024 - Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
