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Gold Mini May/ LBMA Spot Gold

If prices continue to stabilize above $1760 there are chances of recovery upticks which may lead prices towards $1820 or more. At the same time a direct turn below $1725 is a bearish signal. MCX GoldM May Res: 47740 Support: 45880.

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 69900. Sup: 66560.

Copper Apr

Bullish momentum may continue while prices stay above 698. 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

Choppy trading inside 168-163 levels expected initially and breaking any of the sides would direct prices further.

Zinc Apr

A direct break above 231 bullish bias to extend towards 236 or more. Weakness is seen only a close below 220.

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 $64 followed by $66.50. A direct drop below $58 is a sign of weakness. MCX Apr: Res at Rs 4880 / Support: Rs 4420

Natural Gas Apr

Positive outlook remain intact as long as prices stay above 188. Further weakness is seen only a close below 178.

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