Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 30 October 2023 By Geojit Financial Services Ltd
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BULLION
Gold
MACD bullish divergence suggest mild positivity. However, a dip below 60500 may cause mild corrective moves
Silver
Prices may strengthen above 72700 region. Whereas, a voluminous dip below 71800 region may induce weakness as well.
ENERGY
Crude Oil
A dip below 6880 region can weaken the prices. Rebound above 7160 region may strengthen the prices as well.
Natural Gas
Prices may appear weaker below 275 region. Holding the same support can induce mild rebounds as well.
BASE METALS
Copper
Range bound moves with mild positive bias expected in the intraday. Dip below 694 may induce weakness as well.
Nickel
Thin volume trades seen.
Zinc
Rebound may sustain only above 223 region. Whereas, a dip below 220.50 may weaken the prices.
BASE METALS
Lead
Extended dip below 184.80 region may weaken the prices. Unable to breach the same may induce mild rebounds.
Aluminium
Intraday trades expected to be range bound. Sturdy gains above 206 may strengthen the prices for the day.
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