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Gold Mini Aug/ LBMA Spot Gold

As long as prices stay 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

Prices remain choppy with negative bias initially but breaking the stiff support of $25.20 is a short term selling signal. A direct rise above $26.80 can negate the weak outlook and take prices higher. Silver Mini Aug: Res at Rs 71600. Sup: 67800.

Copper Jul

Volatile trade inside 742-716 levels may be seen initially and breaking any of the sides would suggest fresh short term direction.

Nickel Jul

As long as the support of 1348 holds, expect rallies to continue the day. A direct drop below the same is a weak signal.

Lead Jul

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

Zinc Jul

Outlook likely to be choppy initially but a break of 243 would trigger further bullish rallies in the counter.

Aluminium Jul

Corrective selloffs to continue if prices are unable to move past 203. Anyhow major support is placed at 190.

MCX Crude Oil May/NYMEX Crude July

Corrective selloffs are likely if the $74.50 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 5520 / Support: Rs 5280.

Natural Gas Jul

A congested trade inside 284-362 levels may be seen initially and breaking any of the sides would suggest fresh direction to the commodity.

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