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Gold Mini Apr/ LBMA Spot Gold

Intraday momentum likely to be mild positive as it convincingly hold the support of $1700. Immediate resistance is seen at $1740 then $1775. Anyhow, an unexpected drop below $1680 would extend selling pressure which may take prices towards $1600 or more later. MCX GoldM Mar Res: 45410 Support: 44380.

Silver Mini Apr/ LBMA Spot Silver

Recovery upticks are likely as long as prices hold the support of $24.80 Resistance is seen at $27/28.20. A direct break of $24.50 is required to continue weakness in the counter.

Copper Mar

Breaking 660 is required to trigger another round of selling pressure. However, consistency above 697 could negate the view and take prices higher.

Nickel Mar

Selling pressure may continue as long as 1200 caps the upside. Anyhow major support is seen at 1140.

Lead Mar

Another round of selling is seen only a break of 157. Else, there are chances of recovery upticks for the day.

Zinc Mar

Selloffs may continue as long as prices stay below 220. Immediate trend reversal point is placed at 225.

Aluminium Mar

Prices continue to be choppy inside 173-169 levels initially and breaking any of the sides would suggest fresh direction to the commodity

MCX Crude Oil Mar/NYMEX Crude Mar

Bullish outlook remain intact and the momentum would extend further as it hold the support of $64. Next upside targets are seen at $68 initially followed by $72/77 levels. A close below $58 is a signal of reversal. MCX Mar: Res at Rs 4920 / Support: Rs 4608.

Natural Gas Mar

While prices stay below 198 expect weak bias to continue the day. Major upside turnaround point is placed at 209.

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