Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 December 2023 By Geojit Financial Services Ltd
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BULLION
GOLD
Range bound moves with mild positive bias expected. Corrective dips possible below 62830.
Silver
Choppy trading may continue in today’s session as well. However, prices may strengthen further above 75630 region.
ENERGY
Crude Oil MCX Dec
MACD Bullish divergence suggest prevalence of mild positivity. However, extended dip below 6050 region and induce weakness in the counter.
Natural Gas
Likely to extend weakness as long as it stays below 205 region. Rebound above 208 level may strengthen the prices as well.
BASE METALS
Copper
Price may appear firmer above 740 region. Inability to move above the same region can induce weakness.
Nickel
Lack of volume in the counter.
Zinc
Corrective dips below 230.50 may induce further weakness. Rebound may sustain with sturdy gains above 233 region.
BASE METALS
Lead
Range bound moves may be seen. Weakness may be seen below 181.20.
Aluminium
Consistent trades above 213.30 would strengthen the prices. Whereas, a dip below 210.50 region may induce weakness as well.
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