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Gold Mini Aug/ LBMA Spot Gold
Expect positive bias to continue as long as prices stay above $1380. However, a direct drop below $1360 would negate any bullish exception. Downside reversal point is seen at $1318. Res at $1425/1452.
Silver Mini Aug/ LBMA Spot Silver
Range bound trading inside $15.50-14.70 levels likely to continue. Breaking any of the sides would suggest fresh direction to the commodity.
Positive momentum likely to continue while prices stay above 438. Further weakness is expected only a break of 430.
As long as the support of 925 holds, expect to continue the positive outlook in the counter.
Lead Mini Jul
Inability to move past 157 expect a mild correction in the counter.
Likely for a mild recovery as prices hold the support of 191. Unexpected drop below the same would extend weakness.
Resistance of 145 needs to be cleared for continuation of upswings. Else may see a weak trading for the day.
Crude Oil Jul/ NYMEX Crude
While prices stay above 59 likely to continue the upticks. Weakness is seen only a close below $56. Next res at $61.50/63 then 65. MCX support at 3920. Res 4170.
Natural Gas Jul
If unable to break 166 expect corrective selling the day. A direct rise above the same prices could target 178.
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