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Gold Mini Aug/ LBMA Spot Gold

Volatile price action with negative bias expected initially, but a direct break of $1745 is required to trigger another round of long liquidation pressure. An unexpected rise above $1795 may negate the view and take prices higher. MCX GoldM Jul Res: 47600 Support: 45970.

Silver Mini Aug/ LBMA Spot Silver

Prices remain choppy inside the tight range of $26.40-25.20 levels initially and breaking any of the sides would suggest fresh direction to the commodity. Silver Mini Aug: Res at Rs 70800. Sup: 66200.

Copper Jul

Prices remain choppy with negative bias while it stays below 730. Further major liquidation is seen only a break of 692.

Nickel Jul

Break above 1383 is needed to continue rallies. Else, there are chances of choppy trading for the day.

Lead Jul

Break above 182 is required to continue the bullish momentum. Else, there are chance sof corrective selling for the day.

Zinc Jul

Break above 243 is required to continue further rallies. Else, there are chances of choppy trading for the day.

Aluminium Jul

Bullish outlook to continue while prices stay above 197. Weakness is seen only a close below 193.

MCX Crude Oil May/NYMEX Crude July

While prices stay above $72 another round of bullish rally is in cards, but breaking $74.50 is required to trigger the same. If such breakout happens it may test $77 or more later. Consistent trades below $69.50 is a sign of near term weakness. MCX Jul: Res at Rs 5580 / Support: Rs 5270.

Natural Gas Jul

Outlook remain bullish as long as 262 hold the downside. A direct drop below 258 there are chances of corrective selling.

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