Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 25 April 2024 - Geojit Financial Services Ltd
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Gold
A bearish crossover in the MACD indicates potential weakness. Nevertheless, a sustained rebound above 72000 could rule out the possibility of a downward trend.
Silver
MACD bearish divergence suggest possibility of weakness. Extended decline below 81300 could offer further downside, while holding the same support may prompt mild rebounds as well.
Crude Oil
MACD bearish divergence suggest prevalence of weakness. However, rebound could gather momentum above 6960 region.
Natural Gas
Intraday move expected to be southbound. Rebound may strengthen above 168 region.
Copper
Prices may appear firmer above the trend line resistance of 857. While, holding the same resistance can induce corrective dips.
Nickel
Lack of volume in the counter.
Zinc
Sturdy move above 252.80 region may strengthen the prices. Prices may appear weaker below 249 region.
Lead
Prices may pick momentum above 192 region. Corrective moves possible to witness below 189.80.
Aluminium
Intraday moves expected to be range bound, while a dip below 236.10 can induce mild weakness.
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