Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 October 2024 - Geojit Financial Services Ltd
Gold
A voluminous dip below the support 77550 may induce a corrective fall. Holding the same support can induce rebounds as well.
Silver
Prices may appear firmer above 97500 can offer upside room for prices. Whereas, a dip below 95400 region may drag the prices further lower.
Crude Oil
MACD Bearish divergance indicate weakness. Holding any of the support can induce mild rebounds.
Natural Gas
Prices may appear firmer above the SMA resistance of 257 region. Else, corrective move may extend lower in the current session.
Copper
Voluminous dip below EMA support at 834.60 may induce weakness. Else, mild rebounds may be witnessed.
Nickel
Lack of volume in the counter.
Zinc
Mild correction may have room in the current session. Sturdy move above 286.20 can offer upside moves.
Lead
Mild weakness expected. Rebound above 181.60 can strengthen the prices.
Aluminium
Mild weakness is possible if prices dip below SMA support at 241. Holding the may offer upside room.
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