Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 9 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:
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.
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