Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 24 October 2024 - Geojit Financial Services Ltd
Gold
Prices expected to edge north bound in the current session. Fall below the support 77550 may induce a corrective fall.
Silver
ACD bullish divergence suggest positivity in the current session. However, a dip below the support of 97500 region can trigger liquidation.
Crude Oil
Sturdy move above EMA resistance 6100 may strengthen the prices. Else, mild correction is possible in the current session.
Natural Gas
MACD bearish divergence suggest the possibility of weakness. However, if trades sustain above the EMA support at 204.20, prices may extend recovery moves.
Copper
Mild negative bias expected to prevail. Holding near the EMA support at 834.50 may induce rebounds.
Nickel
Lack of volume in the counter.
Zinc
Prices may edge higher in the current session. A voluminous dip below 289.70 may induce mild weakness.
Lead
Rebound above 184.50 can offer upside room. Else, corrective moves may prevail.
Aluminium
Sturdy move above 246.10 region may offer upside room. Dip below 242.50 can induce correction.
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