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Gold Mini Aug/ LBMA Spot Gold

Break above $1845 is required to continue buying momentum for the day. Else, there are chances of corrective selling but stiff support is placed at $1788. MCX GoldM Aug Res: 49300 Support: 47490.

Silver Mini Aug/ LBMA Spot Silver

Prices remain congested inside the tight range of $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

Expect choppy trading inside 742-716 levels to continue the day. 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

Further rallies can be seen only a break above 244. Otherwise prices may correct lower 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

As long as the support of $69 remain hold, chances for recovery upticks are still on cards. However, resistance is seen at $75.50 break of which is required to extend the momentum in near future. MCX Jul: Res at Rs 5490 / Support: Rs 5270.

Natural Gas Jul

If unable to cross above 283 there are chances for corrective selling for the day. A direct break below 262 is an early signal of major liquidation pressure.

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