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Gold Mini Aug/ LBMA Spot Gold

As prices stays above $1800 expect upticks to continue but major rallies are unlikely for the day. However, if it drops below $1780 likely to trigger further weakness in the counter. MCX GoldM Aug Res: 49300 Support: 47030.

Silver Mini Aug/ LBMA Spot Silver

As long as $25.20 hold the downside, recovery upticks remain on the cards for the day. Anyhow, breaking $26.80 is needed to stabilize and continue the momentum. Silver Mini Aug: Res at Rs 71600. Sup: 67800.

Copper Jul

Upticks can be seen initially but major rallies are unlikely unless breaking 727. A direct drop below 704 is a short term reversal signal.

Nickel Jul

A direct drop below 1350 would extend the selling momentum. Else, there are chances of choppy trading for the day.

Lead Jul

A direct rise above 182 would take prices further higher. Else, there are chances of corrective selling for the day.

Zinc Jul

Intraday bias likely to be weak but a break of 243 would trigger further bullish rallies in the counter.

Aluminium Jul

Inability to move past 203 there are chances of corrective selling for the day. Anyhow major support is placed at 190.

MCX Crude Oil May/NYMEX Crude July

Intraday outlook likely to be choppy with mild negative but a break of $72.80 would extend the liquidation. Meanwhile, major downside turnaround point is placed at $69.50. Further rallies can be seen only a break of $75. MCX Jul: Res at Rs 5735 / Support: Rs5380.

Natural Gas Jul

Braking 283 is needed to continue bullish rallies in the counter. Else, there are chances of corrective selling to continue the day.

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