Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 29 September 2023 By Geojit Financial
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BULLION
Gold
MACD Bearish divergence suggest prevalence of weakness. Rebound expected to sustain only with steady gains above 57900 region.
Silver
Prices seem to have held the support of 71400 on the trend line. Rebound above 71900 region may strengthen the prices. Weakness may be seen below 71400.
ENERGY
Crude Oil
Voluminous trades above 7820 may strengthen prices further. Whereas, a dip below 7590 may induce weakness for the day.
Natural Gas
Prices may appear firmer above 252 region. A dip below 244 may weaken the prices for the day
BASE METALS
Copper
As long as trades sustain above 720 region may strengthen the prices further. Weakness expected below the same support
Nickel
Thin volume trades seen.
BASE METALS
Zinc
Sturdy gains above 233 may strengthen prices further. Weakness may be seen below 229.70 region.
Lead
Extended dip below 186 region may weaken the prices. Prices may strengthen above 189.40 region.
Aluminium
Extended gains above 211.10 may strengthen the prices. Whereas, a dip below 207.50 region may weaken the prices.
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