Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 25 October 2024 - Geojit Financial Services Ltd
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Gold
A voluminous dip below the support 77550 may induce a corrective fall. Holding the same support can induce rebounds as well.
Silver
Extended dip below 94460 region may drag the prices further lower. Whereas, a sustained gains above 96400 can offer upside room for prices.
Crude Oil
Sturdy move above EMA resistance 6090 may strengthen the prices. Inability to move above the same may induce corrective moves in this session.
Natural Gas
Prices may appear firmer above the SMA resistance of 257.60 region. Else, corrective move may witness below the same level.
Copper
Sustained trades below EMA support at 834.50 may induce mild weakness. Else, mild rebounds may be witnessed.
Nickel
Lack of volume in the counter.
Zinc
Corrective moves may continue if dips sustain below SMA region of 284.20. Rebound may strengthen only with sturdy move above 286.20 region.
Lead
Rebound above 184.40 can offer upside room. Else, corrective moves may prevail.
Aluminium
Mild weakness is possible if prices remain below SMA support at 240.70. Rebound above the same may offer upside room.
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