Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 February 2024 - Geojit Financial Services Ltd
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Gold
MACD Convergence suggest range bound moves. Corrective dips may occur if prices dip below 61300. Whereas, holding the same can induce mild rebounds as well.
Silver
Weakness may seen below 70400 region. Whereas, holding the same support may induce rebounds.
Crude Oil
Sturdy gains above 6540 may offer further upside. Unable to break above the same resistance could induce mild correction.
Natural Gas
Recovery upticks may gather momentum above 154. Whereas, a dip below 144 may induce mild weakness for the day.
BASE METALS
Copper
Corrective moves below 722 region may extend weakness further. Holding the same support can induce mild rebounds.
Nickel
Lack of volume in the counter.
Zinc
Range bound moves with mild weak bias expected. Rebound may sustain above 213.30 region.
Lead
A steady rebound above 180 may induce mild positivity. While, weakness may seen below 177.60 region.
Aluminium
Rebound may sustain only above 199.50 region. Dip below 197.10 may induce weakness.
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