Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 29 October 2024 - Geojit Financial Services Ltd
Gold
Range bound trades with mild positive bias expected. Sturdy move above 78880 region may strengthen the prices as well. Meanwhile, a voluminous dip below the support 77550 may induce a corrective fall.
Silver
Prices may appear firmer as long as trades sustain above 97500 region. Whereas, a dip below the same region may induce corrective dips.
Crude Oil
MACD Bearish divergence suggest the prevalence of weakness. However, a sturdy move above 5840 can offer upside room for prices.
Natural Gas
Range bound trades with mild negative bias expected in the counter. Whereas, a voluminous rebound above 244 region can strengthen the prices.
Copper
Prices may appear firmer above 850 region. Inability to move above the same can induce mild correction. Weakness is possible to witness only below EMA support of 835.20 region.
Nickel
Lack of volume in the counter.
Zinc
North bound trades may witness in the current session. A voluminous dip below 288 region may trigger weakness.
Lead
Range bound trades expected. Rebound above 181.60 can strengthen the prices.
Aluminium
Intraday moves expected to edge higher. Mild weakness is possible if prices dip below SMA support at 241.30.
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