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Gold Mini Jul/ LBMA Spot Gold

Breaking the immediate resistance of $1915 is required to continue the buying momentum. Else, there are chances of corrective selling pressure, but major liquidation is seen only a close below $1845. MCX GoldM Jul Res: 49350 Support: 48210

Silver Mini Jun/ LBMA Spot Silver

As long as prices stay below $30 immediate trend likely to be negative but breaking the stiff downside obstacle of $26.80 is needed to extend the momentum later. Silver Mini Jun: Res at Rs 72880. Sup: 69200.

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, expect choppy with corrective selling pressure 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

A direct break of 188 would trigger major liquidation pressure in prices. Meanwhile, recovery rallies can be seen if it breaks above 193.

MCX Crude Oil May/NYMEX Crude Jun

Inability to move past $70 there are chances of corrective selling pressure for the day. Anyhow, it needed to break $66 to continue the momentum. A direct break above $72 is a short term bullish signal. 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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