Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 5 March 2024 - Geojit Financial Services Ltd
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Gold
MACD bullish divergence suggest prevalence of positivity. Unexpected dip below 63860 may induce mild weakness.
Silver
MACD bullish divergence suggest positivity in the counter. Whereas, holding any resistance levels may induce mild correction.
Crude Oil
Weakness may extend if prices dip below 6460 region. Whereas, a steady rebound above 6580 region may strengthen prices as well.
Natural Gas
MACD bullish divergence suggest possibility of further upward moves. However, a dip below 153 region could induce mild weakness.
Copper
Prices may appear firmer above trend line resistance of 735 region. Whereas, a holding the same resistance may induce mild correction.
Nickel
Lack of volume in the counter.
Zinc
Prices may strengthen further if trades sustain above 216. Corrective dip below the same may induce weakness.
Lead
Range bound moves expected. Mild weakness may seen below 177 region. Holding the same support can induce mild rebounds.
Aluminium
Rebound may sustain only above 202.40 region. Dip below 200.60 may induce weakness.
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