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Gold Mini Jun/ LBMA Spot Gold

Upticks likely to continue as long as $1800 hold the downside. However, immediate resistances are seen at $1860 followed by $1874. A direct drop below $1758 is an immediate reversal signal. MCX GoldM Jun Res: 48480 Support: 46360.

Silver Mini Jun/ LBMA Spot Silver

There are chances of buying momentum to extend towards $28.20 followed by $30 while prices stay above $26.80. A direct drop below $25.5 is a signal of weakness in the counter. MCX SilverM Jun: Res at Rs 73500. Sup: 68600.

Copper May

Bullish outlook may take prices further higher possibly towards 795 then 820 levels. Correction can be seen only a close below 768.

Nickel May

A direct break above 1345 would take prices further higher. Else, corrective selling is likely but major liquidation is seen only a close below 1305.

Lead May

Consistency above 182 is required to continue the bullish momentum. Else, there are chances of corrective selloffs for the day.

Zinc May

Intraday momentum largely on the higher side as long as 231 remain act as a stiff support. A direct drop below 228 is a near term weak signal.

Aluminium May

Bullish outlook would take prices further higher. Weakness is seen only a close below 195.v

MCX Crude Oil May/NYMEX Crude May

Intraday momentum likely to take prices further higher towards $66.50 initially followed by $72 levels. A direct drop below $63 is a near term reversal signal for prices. MCX May: Res at Rs 4980 / Support: Rs 4620.

Natural Gas May

A direct break above 222 is needed to continue bullish rallies. Else, there are chances of choppy with negative bias but a direct close below 208 is signal of short term weakness.

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