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Gold Mini Jul/ LBMA Spot Gold

Prices continue to be volatile with negative bias as long as it stays below the support of $1880. Anyhow, major weakness is seen only a close below $1845. Further recovery rallies are triggered only a direct break of $1915. MCX GoldM Jul Res: 49080 Support: 48020

Silver Mini Jun/ LBMA Spot Silver

While prices stay below the $30 resistance sentiment turned to mild negative but breaking the downside obstacle of $26.80 is needed to extend the momentum for the day. Silver Mini Jun: Res at Rs 72800. Sup: 68200.

Copper Jun

Weakness may continue while prices stay below 745. Further rallies are seen only a break of 776.

Nickel Jun

Breaking the resistance of 1350 is needed to extend buying momentum. Otherwise prices may correct further lower.

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

Weak bias likely to extend as long as 192 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 5080 / Support: Rs 4840.

Natural Gas Jun

Intraday trend remains choppy inside 229-219 levels and breaking any of the sides would suggest fresh direction to the commodity.

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