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Gold Mini Jun/ LBMA Spot Gold

Intraday outlook remains choppy but a break of $1915 would take prices higher towards $1925 then $1970 levels. Meanwhile, an unexpected drop below $1875 would weaken the sentiment, but major downside reversal point is seen at $1810. MCX GoldM Jun Res: 49480 Support: 48650.

Silver Mini Jun/ LBMA Spot Silver

The $30 resistance needs to be cleared for continuation of further upside. Else, there are chances of choppy trading but important support is placed at $25.60, a sudden drop of which could trigger major liquidation pressure. Jun: Res at Rs 74200. Sup: 70080.

Copper Jun

Inability to break above 776 likely to extend corrective selling pressure. Else, upticks are likely for the day.

Nickel Jun

Breaking the resistance of 1350 is needed to extend buying momentum. Otherwise prices may correct downside for the day.

Lead Jun

Selling pressure may extend as long as 173.50 remain caps the upside.

Zinc Jun

Further rallies can be seen only a break above 243. Else, expect a choppy trading but major downside turnaround point is seen at 229.

Aluminium Jun

There are chances that weakness may continue as long as 197 caps the upside. A direct rise above 198 would trigger further bull waves in the counter.

MCX Crude Oil May/NYMEX Crude Jun

Outlook continue to stay positive as long as prices stays above $67. Next resistances are seen at $72 then $78 levels. A direct break of $65 could negate the outlook and correct prices lower. Anyhow, major downside turnaround point is at $61. MCX Jun: Res at Rs 5128 / Support: Rs 4840.

Natural Gas Jun

Intraday trend remains choppy inside 229-222 levels and breaking any of the sides would suggest fresh direction to the commodity.

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