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Gold Mini Aug/ LBMA Spot Gold

Consistent trades above $1800 there are chances of recovery upticks to continue, but major rallies are unlikely for the day. However, if it drops below $1774 expect further weakness in the counter. MCX GoldM Aug Res: 49300 Support: 47030.

Silver Mini Aug/ LBMA Spot Silver

Initial moves are likely to be negative, but breaking the support of $25.20 is needed to extend the momentum. A direct rise above $26.80 can negative the sentiment and take prices higher. Silver Mini Aug: Res at Rs 71600. Sup: 67800.

Copper Jul

Expect a choppy trade inside 742-716 levels initially and breaking any of the sides would suggest fresh short term direction.

Nickel Jul

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

Lead Jul

Break above 182 would extend the buying momentum. Else, there are chances of corrective selling for the day.

Zinc Jul

Intraday bias likely to be choppy 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

Corrective selloffs are likely if the $72.80 resistance remains caps the upside. However, major downside turnaround point is placed at $69.50. Further rallies can be seen only a break of $75. MCX Jul: Res at Rs 5594 / Support: Rs 5180.

Natural Gas Jul

Corrective selling is likely as long as the resistance of 283 remain caps the upside. Major downside turnaround point is placed at 252.

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