Powered by: Motilal Oswal
2024-08-28 05:51:19 pm | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 Aug 2024 - Geojit Financial Services Ltd

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.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer

SEBI Registration Number: INH200000345

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here