Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 30 October 2024 - Geojit Financial Services Ltd
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Gold
Positive sentiments expected to prevail. Meanwhile, a voluminous dip below the support 78880 may induce a corrective fall.
Silver
Prices may appear firmer as long as trades sustain above 97500 region. Whereas, a dip below the same region may induce corrective dips.
Crude Oil
MACD Bearish divergence suggest the prevalence of weakness. However, a sturdy move above 5770 can offer upside room for prices.
Natural Gas
Range bound trades with mild negative bias expected in the counter. Whereas, a voluminous rebound above 246 region can strengthen the prices.
Copper
Prices may appear firmer above 850 region. Inability to move above the same can induce mild correction. Weakness is possible to witness only below EMA support of 835.50 region.
Nickel
Lack of volume in the counter.
Zinc
Range bound trades with mild positive bias expected. A voluminous dip below 288 region may trigger weakness.
Lead
Range bound trades expected. Rebound above 181.60 can strengthen the prices.
Aluminium
Extended dip below SMA support at 241.40 may trigger weakness. Holding the same level can induce rebounds.
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