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Gold Mini Aug/ LBMA Spot Gold

Whether the support of $1800 remain hold the downside, there are chances of recovery upticks but major rallies are unlikely unless a close above $1826. An unexpected drop below $1774 is a signal of further weakness in the counter. MCX GoldM Aug Res: 49300 Support: 47030.

Silver Mini Aug/ LBMA Spot Silver

If unable to break the stiff support of $25.20 expect recovery upticks for the day. A direct break of which is a sign of short term weakness. Silver Mini Aug: Res at Rs 71400. Sup: 67800.

Copper Jul

Prices remain volatile inside 742-716 levels initially and breaking any of the sides would suggest fresh short term direction.

Nickel Jul

Bullish outlook likely to continue while prices stay above 1348. A direct drop below the same is a weak signal.

Lead Jul

Initial trades may be choppy inside 177-182 levels again. Any of the sides breakout would suggest fresh direction to the commodity.

Zinc Jul

A direct break above 244 is a sign of further rallies. Else, there are chances of a choppy trading for the day.

Aluminium Jul

Choppy with mild negative bias is likely if prices are unable to move past 203. Anyhow major support is placed at 190.

MCX Crude Oil May/NYMEX Crude July

Bullish outlook remain intact while the support of $73 hold the downside. Anyhow, major resistances are seen at $77 followed by $82. A direct break of $69.50 is a sign of short term weakness. MCX Jul: Res at Rs 5740 / Support: Rs 5280.

Natural Gas Jul

Volatility inside 284-262 levels expected initially and breaking any of the sides would suggest fresh direction to the commodity.

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