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Gold Mini Aug/ LBMA Spot Gold

Buying sentiments likely to continue the day as long as $1788 remain hold the downside. Immediate resistances are seen at $1845 then $1870 levels. An unexpected drop below $1785 is a weak signal. MCX GoldM Aug Res: 49300 Support: 47490.

Silver Mini Aug/ LBMA Spot Silver

Prices remain congested inside the tight trade inside $26.80-25.40 levels and breaking 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

Choppy trading inside 742-716 with mild negative bias remain on cards. Either side breakout would suggest a short term view for the commodity.

Nickel Jul

Positive outlook is intact but breaking 1412 is required to continue the momentum. Else, expect corrective selling pressure for the day.

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

Chances for recovery upticks are still on cards as long as the support of $71 remain undisturbed. However, a close above $75.50 is required to continue the momentum. A direct drop below $68 is a short term reversal point. MCX Jul: Res at Rs 5575 / Support: Rs 5320.

Natural Gas Jul

Inability to cross above 281 there are chances for corrective selling for the day. A direct rise above 283 would trigger recovery rallies.

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