29-01-2024 06:10 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 29January 2024 - By Geojit Financial Services Ltd

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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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