Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 9 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 70000 region may induce mild weakness.
Silver
MACD bullish divergence suggest positivity still prevail in the counter. However, holding the trend line resistance at 81800 may induce mild correction.
Crude Oil
The bullish divergence in the MACD suggests a prevalence of positivity. However, a voluminous dip below 7100 could serve as an early indication of weakness.
Natural Gas
Rebound above 159 region would strengthen prices, while a dip below 150 could induce weakness as well.
Copper
Positive sentiments still prevail. However, corrective move below 814 region may induce mild weakness.
Nickel
Lack of volume in the counter.
Zinc
Prices tend to appear firmer above 241.50. Whereas, holding the same level can induce corrective dips.
Lead
Mild positivity still expected. Holding any of the resistance level may induce mild correction.
Aluminium
Positive moves could still dominate, while holding any of the resistance could potentially trigger correction.
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