Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 26 Aug 2024 - Geojit Financial Services Ltd
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Gold
MACD bullish divergence suggest the prevalence of positivity. Mild correction may seen below the EMA Support at 70740 region.
Silver
Prices appear firmer as the MACD bullish divergence suggests, while a correction below EMA support of 87650 can induce mild weakness.
Crude Oil
Prices expected to edge northward in the current session. Room for weakness is only below 6300 region.
Natural Gas
Prices expected to trade with a mild weak bias in the current session. A rebound can gain strength only above 187 region on the SMA resistance.
Copper
Prices may appear firmer above the EMA resistance of 820 region. Holding the same resistance can induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Mild positivity expected to prevail. Holding any of the resistance region may induce correction.
Lead
Range bound trades with mild positive bias expected. Corrective move may extend if prices dip below EMA support of 186.40.
Aluminium
Prices may strengthen above 238.80 region, while inability to move above the same can induce correction.
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