Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 27 May 2024 - Geojit Financial Services Ltd
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Gold
Corrective moves possible in the counter. Rebound above 72200 region would induce an upward trend for the day.
Silver
Major weakness could be ruled out as long as trades sustain above 91100 region, while a dip below the same could indicate weakness.
ENERGY
Crude Oil
Recovery could sustain only with sturdy move above 6560 region. Weakness is possible only below 6370 region.
Natural Gas
Corrective moves may extend further if the support at 224 is breached, while holding the same level may induce mild rebounds.
BASE METALS
Copper
Mild correction is possible in the session, while a rebound above 906 region can offer upward trend.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild weak bias expected in the counter. Rebound above 273.50 may strengthen prices.
Lead
Rebound may strengthen above 193.90 region. Prices may weaken below 191.70 region.
Aluminium
Rebound could strengthen only with steady move above 244.20. Dip below 241.40 region may weaken prices.
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