Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 26 October 2023 By Geojit Financial Services Ltd
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BULLION
Gold
MACD bullish divergence suggest mild positivity. However, a dip below 60400 may cause mild corrective moves.
Silver
MACD Bullish divergence indicate prevalence of positivity. However, a voluminous dip below 71300 region may induce weakness as well
ENERGY
Crude Oil
A dip below 6840 region can weaken the prices further. Rebound above 7160 region may strengthen the prices as well.
Natural Gas
Prices may appear weaker below 277 region. Else, range bound trades with mild rebounds may be seen.
BASE METALS
Copper
Range bound moves expected in the intraday. Prices may strengthen above 710 region. Dip below 694 may induce weakness as well.
Nickel
Thin volume trades seen
Zinc
Rebound may sustain only above 223 region. Whereas, a dip below 220.50 may weaken the prices.
BASE METALS
Lead
Extended dip below 184.80 region may weaken the prices. Unable to breach the same may induce mild rebounds.
Aluminium
Intraday trades expected to be range bound. Sturdy gains above 206 may strengthen the prices for the day.
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