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Gold Mini May/ LBMA Spot Gold

The immediate upside turnaround point is seen at $1760, which is needed to be cleared for continuation of further rallies in the counter. Else, there are chances of corrective selling pressure but stiff support is placed at $1680. MCX GoldM May Res: 47200 Support: 45180.

Silver Mini Apr/ LBMA Spot Silver

Choppy trading likely to continue inside $26.50-23.80 levels initially and it required to break either the sides to suggest a fresh direction to the commodity. MCX SilverM Apr: Res at Rs 68400. Sup: 65660.

Copper Apr

While prices stay above 698 bullish sentiment may continue towards the previous high of 745 or even more. Weakness is seen only a break of 687.

Nickel Apr

If 1210 remain hold the downside, expect rallies to continue the day. A direct drop below the same is a weak signal.

Lead Apr

Prices remain congested inside 167-162 levels and breaking any of the sides could direct prices further.

Zinc Apr

Inability to clear the support of 220 there are chance of recovery upticks. Anyhow stiff resistance is seen at 231.

Aluminium Apr

Prices continue to stay firm as long as it hold the support of 182. Immediate downside turnaround point is placed at 179.

MCX Crude Oil Apr/NYMEX Crude Apr

There are hopes that the momentum may continue as it cleared the resistance of $62. Anyhow next major upside obstacle is seen at $62. A direct drop below $58 is a signal of weakness. MCX Apr: Res at Rs 4880 / Support: Rs 4420.

Natural Gas Apr

Positive momentum may continue while prices stay above 188. Further weakness is seen only a close below 178.

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