Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 25January 2024 By Geojit Financial Services Ltd
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Gold:
A voluminous rebound above 62240 may offer further upside. Corrective dips may be seen below 61760 region.
Silver:
Mild rebound possible may seen today as well. However, a corrective dip below 71350 can induce weakness.
Crude Oil:
MACD Bullish divergence suggest mild positivity. However, weakness may be seen if prices slip below 6280 region.
Natural Gas:
Sustained trades above 190 region may offer further upside. Weakness may be seen if prices slip below the same level.
Copper:
Prices may appear further firm above the trend line resistance of 735 region. Holding the same resistance may induce corrective dips.
Nickel:
Lack of volume in the counter.
Zinc:
Mild positivity expected to continue. Corrective dip below 228.40 may induce weakness.
Lead:
Range bound moves may be seen. Rebound may strengthen above 183.90.
Aluminium:
Mild positivity may continue in the session. Mild weakness can be anticipated if prices dip below 202.
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