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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 8 February 2024 - Geojit Financial Services Ltd
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Gold
A voluminous rebound above 62460 may offer further upside. Extended fall below 61900 region may induce weakness.
Silver
Extended dip below 70000 may induce further weakness. Holding the same support can induce mild rebounds.
ENERGY
Crude Oil
Present recovery moves may strengthen above 6180 region. Whereas, a dip below 6060 may induce weakness as well
Natural Gas
MACD Bearish divergence suggest prevalence of weakness. However, a rebound above 168 region may strengthen prices.
BASE METALS
Copper
Corrective moves still possible in the counter. Mild rebound may be seen if prices held on any of the support levels.
Nickel
Lack of volume in the counter
Zinc
Extended fall below 213.80 may weaken prices further. Whereas, if the same support is held, mild rebound is possible.
Lead
Mild weakness may be seen. Rebound may sustain above 181.20
Aluminium
Prices may gain momentum above 202.50. Else, mild consolidation may be seen below the same resistance.
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