Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 30 Aug 2024 - Geojit Financial Services Ltd
Gold
MACD bullish divergence suggest the prevalence of positivity. Corrective moves would sustain only with dip below 71170.
Silver
Mild positivity may witness as the MACD bullish divergence suggests, while a correction below the support of 86050 can induce mild weakness.
Crude Oil
A sturdy move above EMA resistance of 6480 can offer upside room for prices. Dip below 6330 region can induce weakness as well.
Natural Gas
Weakness may extend if prices slip below SMA support at 175.70. Holding the same support can induce rebounds.
Copper
Prices may strengthen above the EMA resistance at 819, while fall below SMA support at 800 can induce mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias is likely to witness in the counter. Dip below 268 region can induce weakness.
Lead
Corrective moves may witness in the counter. Rebound above 187.50 could strengthen the momentum.
Aluminium
Extended dip below EMA support of 224.30 may weaken the prices. Whereas, holding the same support can induce mild rebounds.
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