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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