Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 27 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 70760 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
Sustained trades above EMA resistance of 6500 can strengthen the momentum. Or else, mild correction is possible in the current session.
Natural Gas
Prices expected to exhibit mild weakness in the current session. Weakness may extend if prices breach the trend line support at 172. Holding the same support can induce mild rebounds.
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 is likely to prevail. Inability to breach the next resistance may induce weakness.
Lead
Range bound trades expected in the counter. Corrective moves may extend if prices dip below EMA support of 186.40.
Aluminium
Prices may strengthen above 234.20 region, while inability to move above the same can induce correction.
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