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Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 28 November 2023 By Geojit Financial Services Ltd
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Gold
Prices may remain firmer long as trades sustain above 60960 region. Moderate weakness may be seen below the same.
Silver
MACD bullish divergence suggest prevalence of positivity. However, a dip below 75540 region may induce weakness.
ENERGY
Crude Oil
Prices may appear with sturdy rebound above 6410 region. Else, range bound moves with mild correction may be seen.
Natural Gas
Prices may strengthen above 253 region. Corrective dips below 242 may weaken the prices as well.
BASE METALS
Copper
Range bound moves with mild negative bias expected. Prices may appear firmer above 723 region.
Nickel
Thin volume trades seen
Zinc
Extended dip below 224.60 may weaken the prices. Rebound may sustain above 227 region.
BASE METALS
Lead
Weakness expected to continue as long as trades sustain below 187.50.
Aluminium
Mild negative bias expected as long as the trade sustain below 203.50. Rebound above the same level can strengthen the prices.
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