Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 26 July 2024 - Geojit Financial Services Ltd
Gold
Extended dip below 67150 may extend the prices further lower. Rebounds may strengthen above 68600 region.
Silver
Mild weakness prevail in the counter. Whereas, a steady rebound above 82700 region may offer upside room for prices.
Crude Oil
Prices may extend recovery if the upside resistance level of 6580 is breached. Else, mild correction may witness in the current session.
Natural Gas
Mild weakness may prevail in the counter. However, a steady recovery move above 180 region can offer upside room for prices.
Copper
MACD Bearish divergence suggest prevalence of weakness. However, steady rebound above 805 region can offer upside room for prices.
Nickel
Lack of volume in the counter.
Zinc
Weakness likely to prevail in the counter. Holding the support levels can induce rebounds.
Lead
Sustained rebound above 186.80 region may strengthen the momentum. Inability to move above the same region may induce mild correction.
Aluminium
Sustained trades above 211 region may stretch recovery moves. Whereas, dip below the same may induce weakness.
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