Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 27 November 2023 By Geojit Financial Services Ltd
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Gold
While prices stay above Rs 60960 would strengthen buying momentum. If not, expect choppy with weakness for the day.
Silver
Intraday momentum mostly on the positive side as long as Rs 75000 remain undisturbed. A direct drop of which would negate the outlook.
ENERGY
Crude Oil
Intraday momentum mostly on the weaker side as long as Rs 6500 caps upside.
Natural Gas
Weakness would continue if price are unable to move past Rs 242.
BASE METALS
Copper
Prices may appear firmer above 725 region. Unable to break above the same can cause corrective dips.
Nickel
Thin volume trades seen
Zinc
Rebound may strengthen above 229.40 region. However, weakness is possible if prices dip below 227 region.
BASE METALS
Lead
Extended dip below 187.50 region may weaken prices further. Whereas, a rebound above 189.70 may strengthen the prices as well.
Aluminium
Prices remain range bound inside Rs 203-207 levels and breaking any of the sides would suggest fresh directions.
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