Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 31 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 trigger a corrective move.
Silver
A corrective move may witness in the current session. However, a rebound above 97500 with large market participation can offer upward momentum.
Crude Oil
Sustained trades above 5840 region may offer upside room for prices. However, a voluminous dip below 5700 may induce mild weakness.
Natural Gas
Extended dip below 231 region can strengthen. Inability to breach the same support can induce mild rebounds.
Copper
Prices may appear firmer above 850 region. Whereas, weakness is possible to witness only below EMA support of 835850 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
Range bound moves expected to witness. Extended dip below 237.70 may trigger weakness. Holding the same support can induce weakness.
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