Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 29January 2024 - By Geojit Financial Services Ltd
Gold:
A voluminous rebound above 62680 may offer further upside. Corrective dips may be seen below 61720 region.
Silver:
Mild rebound possible may seen today as well. However, a corrective dip below 71350 can induce weakness.
Crude Oil:
MACD Bullish divergence suggest mild positivity. However, weakness may be seen if prices slip below 6350 region.
Natural Gas:
MACD Bearish divergence suggest prevalence of weakness. Rebound may strengthen above 186 region.
Copper:
Range bound moves may be seen. Prices may appear firmer above the trend line resistance of 735 region. Holding the same resistance may induce corrective dips.
Nickel:
Lack of volume in the counter.
Zinc:
Prices may be seen weaker as long as trades remain below 228.40 region. Rebound above the same may strengthen the prices.
Lead:
Range bound moves may be seen. Rebound may strengthen above 183.90.
Aluminium:
Mild positivity may continue in the session. Weakness could be anticipated if prices dip below 202.
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