Gold Mini Sep/ LBMA Spot Gold
Prices continue to be choppy inside $1975- 1900 regions initially. Breaking any of the sides would suggest fresh direction to the commodity. Anyhow, a direct drop below $1880 is a signal of reversal. MCX Gold Oct Res: 52120 Support: 50940.
Silver Mini Nov/ LBMA Spot Silver
Immediate upside obstacle is seen at $27.60 which needs to be cleared for continuation of further upticks in the counter. Else, may see weak sentiments for the day. An unexpected drop below $25.80 is a signal of continuation of selling pressure. MCX SilverM Nov: Res at Rs 71350. Sup: 66150.
Consistent trades above 528 would take prices further higher. Else, likely for corrective selling for the day. A direct drop below 512 is a signal of reversal.
Rallies may continue only if prices stay above 1128. Otherwise expect a choppy trading session for the day.
A direct break of 146 is required to continue selling pressure. Else, may see recovery momentum for the day.
As long as prices stay above 185 buying momentum would continue. However a close below 186 is a signal of reversal.
Support of 144 if undisturbed, expect recovery moves for the day. Else, there are chances of selling pressure.
MCX Crude Oil Sep/NYMEX Crude Oct
Immediate resistance of $42 required to be cleared for continuation of further rallies. Else, expect corrective selling pressure for the day. MCX Sep: Res at Rs 3120 / Support: Rs 2860.
Natural Gas Sep
As prices cleared the stiff support of $2, expect weak bias initially, but it required to break the support of $1.88 to continue the momentum. A direct turn above $2.10 is a signal of reversal.
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