Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 31January 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 61900 region.
Silver:
Range bound moves with mild positive bias may be seen. However, a corrective dip below 72000 can induce weakness.
Crude Oil:
MACD Bullish divergence suggest prevalence of positivity. However, weakness may be seen if prices slip below 6300 region.
Natural Gas:
MACD Bearish divergence suggest prevalence of weakness. Rebound may strengthen above 178 region.
Copper:
Prices seem to continue the uptrend for the day. Whereas, a dip below 728 can induce weakness.
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 182.70.
Aluminium:
Mild positivity may be seen. Weakness could be anticipated if prices dip below 203.60.
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