Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 Aug 2024 - Geojit Financial Services Ltd
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Gold
MACD bullish divergence suggest the prevalence of positivity. Corrective moves would sustain only with dip below 71100.
Silver
Prices appear firmer as the MACD bullish divergence suggests, while a correction below the support of 86680 can induce mild weakness.
Crude Oil
Prices expected to stretch southward moves. However, a sturdy rebound above SMA resistance of 6340 can offer upside room for prices.
Natural Gas
Weakness may extend if prices breach the trend line support at 170. Holding the same support can induce mild rebounds.
Copper
Mild correction may be seen. Weakness may trigger only with dip below 799.70 region on the SMA support. Or else, mild rebound is possible.
Nickel
Lack of volume in the counter.
Zinc
Mild correction is likely to witness in the counter. Holding the support can induce rebounds.
Lead
Range bound trades expected in the counter. Corrective moves may extend if prices dip below EMA support of 186.40.
Aluminium
Corrective moves are possible to witness. Whereas, prices may strengthen above 234.20 region.
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