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27-05-2024 05:37 PM | Source: Geojit Financial Services
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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