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Gold Mini Aug/ LBMA Spot Gold

As long as the support of $1788 remain hold, choppy trading with recovery upticks are expected 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 but breaking 1412 is needed to trigger further major rallies. 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 bullish rallies in the counter. Else, there are chances of corrective selling for the day.

Aluminium Jul

Recovery moves are remain in the cards while prices stay above 196. A direct drop below 190 is a weak signal.

MCX Crude Oil Jul/NYMEX Crude Jul

Bullish momentum to continue while prices are unable to clear the support of $72. 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

A correction in prices are likely as long as 283 caps the upside. A direct rise above is required to trigger another rallies in the counter.

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