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Gold Mini Jul/ LBMA Spot Gold
Expect a mild correction before resuming further up moves in the counter. Immediate supports at $1330 /1325 levels. Downside reversal point is seen at $1318.
Silver Mini Jun/ LBMA Spot Silver
Intraday bias likely to be choppy inside $15.15 -14.60 levels. Breaking any of the sides would suggest fresh direction to the commodity.
Expect a choppy trade inside 400-412 levels initially, breaking any of the sides would suggest fresh direction to the commodity.
An initial correction is expected towards 858- 855 levels, followed by a consolidation and trigger rallies. However, weakness is expected only a close below 845.
Lead Mini Jun
Dips to 151 likely find support for a recovery rally towards the targets of 156/159 levels. A close below 151 would negate our positive outlook.
Zinc Mini Jun
Major support is seen at 197, which if cleared may see selloffs to 192/188 levels. Else, likely to continue the mild positive outlook.
While prices stay above 140 expect recovery moves in the counter. Else, would continue selling pressure.
Crude Oil Jun/ NYMEX Crude
Inability to move past $53.50 expect a corrective selling which could take prices till $51.50/50.50 levels. Rallies above $53.50 next res at $55. MCX support at 3510. Res 3800.
Natural Gas Jun
As long as 162 hold the downside, expect recovery moves to continue the day.
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