29-12-2023 05:39 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 29 December 2023 By Geojit Financial Services Ltd

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BULLION

GOLD

Range bound moves may witness in the intraday. A fall below 62830 may induce weakness while a rebound above 63600 can strengthen the prices.

 

Silver

Extended dip below 73370 may weaken the prices further. Whereas a rebound above 74400 may strengthen the prices as well.

 

ENERGY

Crude Oil MCX Dec

Corrective moves may witness in the intraday, although the possibility of major weakness can be ruled out as long as prices trade above 5900 region. Rebound above 6100 region can offer further upside.

 

Natural Gas

Range bound moves may bee seen. Sturdy gains above 216 region may strengthen the prices.

 

BASE METALS

Copper

Lack of volume in the counter.

 

Nickel

Lack of volume in the counter.

 

Zinc

Prices may appear firmer above 234.80 region. Whereas, corrective dips below 230.50 may induce further weakness.

 

BASE METALS

Lead

Weakness may be seen below 181.20. Whereas a recovery moves may strengthen above 183.50 region.

 

Aluminium

Sturdy gains above 213.30 would strengthen the prices. Whereas, a dip below 210.50 region may induce weakness as well.

 

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