09-02-2024 07:04 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 9 February 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold:

A voluminous rebound above 62460 may offer further upside. Extended fall below 61900 region may induce weakness.

 

 

Silver:

Sustained trades above 70530 region may strengthen the prices further. Whereas, a dip below the same level can induce mild weakness.

 

 

ENERGY:

Crude Oil:

Prices may appear firmer above 6390 region. Whereas, holding the same resistance may induce mild correction.

 

 

Natural Gas:

MACD Bearish divergence suggest weakness may continue further. Any recovery moves could strengthen only above 160 region.

 

 

BASE METALS:

Copper:

MACD bearish divergence suggest prevalence of weakness. Rebound may strengthen only above 710 region.

 

 

Nickel:

Lack of volume in the counter.

 

 

Zinc:

Extended fall below 205.90 may weaken prices further. Whereas, if the same support is held, rebound may sustain.

 

 

BASE METALS:

Lead:

Mild weakness may be seen. Holding the support of 173.70 may induce mild rebounds.

 

 

Aluminium:

Range bound moves expected. Weakness may extend below 199, whereas a rebound above 200.70 may strengthen the prices as well.

 

 

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

 

 

 

 

 

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer