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Gold Mini Aug/ LBMA Spot Gold

If $1800 support remain hold, choppy with mild positive bias expected for the day. Anyhow, a close above $1824 is required to continue the momentum. An unexpected drop below $1785 will continue selling pressure. MCX GoldM Aug Res: 49300 Support: 47030.

Silver Mini Aug/ LBMA Spot Silver

A tight trade inside $26.80-25.40 remain in cards and a break of any of the sides would suggest fresh direction to the commodity for the day. MCX SilverM Jul: Res at Rs 71400. Sup: 67800.

Copper Jul

Likely to see prices congested inside 742-716 with mild negative bias. Either side breakout would suggest a short term view for the commodity.

Nickel Jul

Bullish outlook may continue while prices stay above 1340. Immediate downside reversal is seen only a break of 1312.

Lead Jul

The 177-182 trading range remain valid and breaking any of the sides would suggest fresh direction to the commodity.

Zinc Jul

A direct break above 244 would trigger further rallies in the counter. Else, there are chances of corrective selling for the day.

Aluminium Jul

If the support of 192 remain undisturbed, expect recovery moves for the day. A direct drop below 190 is a weak signal.

MCX Crude Oil May/NYMEX Crude July

If unable to clear the support of $72, bullish momentum to continue the day. Anyhow, major upside obstacles are seen at $77 followed by $82 levels. A direct drop below $68 is a short term reversal point. MCX Jul: Res at Rs 5740 / Support: Rs 5320.

Natural Gas Jul

Bullish momentum to continue as long as the support of 266 remains hold the downside. Break of 232 is a short term reversal signal.

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