Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 5 April 2024 - Geojit Financial Services Ltd
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Gold
Positive moves appear dominant in the counter as MACD bullish divergence suggest. Nevertheless, dip below 68800 region may induce mild weakness.
Silver
Prices could demonstrate further strength if they rise above the 80000 region. However, failure to surpass this level may lead to mild correction.
Crude Oil
The bullish divergence in the MACD suggests a prevailing positivity. However, a voluminous dip below 7160 could serve as an early indication of weakness.
Natural Gas
Mild weakness is possible in the intraday. Rebound above 153 region would strengthen prices.
Copper
Prices may appear firmer above 803 region, while a corrective decline below the 789 region could also trigger weakness.
Nickel
Lack of volume in the counter.
Zinc
Prices tend to appear mild positive in the intraday session. Whereas, corrections below 231.20 could be induce mild weakness.
Lead
Mild positivity expected. Holding any of the resistance level may induce mild correction.
Aluminium
Positive moves may dominate in the counter, while holding any of the resistance could potentially trigger correction.
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