Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 24 November 2023 By Geojit Financial Services Ltd
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Gold
Sustained trades above 60960 region may strengthen the prices further. Moderate weakness is expected if prices fall below the same.
Silver
MACD bullish divergence suggest prevalence of positivity. However, a dip below 74200 region may induce weakness.
ENERGY
Crude Oil
Rebound above the 6430 can strengthen the prices. Weakness is possible if prices fail break above the same level.
Natural Gas
Rebound may strengthen with steady gains above 260. Dip below 248 can induce further weakness as well.
BASE METALS
Copper
Prices may appear firmer above 725 region. Unable to break above the same can cause corrective dips.
Nickel
Thin volume trades seen
Zinc
Rebound may strengthen above 229.40 region. However, weakness is possible if prices dip below 227 region.
BASE METALS
Lead
Extended dip below 187.50 region may weaken prices further. Whereas, a rebound above 189.70 may strengthen the prices as well.
Aluminium
Range bound moves with mild negative bias expected in the counter. Prices may strengthen with steady gains above 207.
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