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Gold Mini Jul/ LBMA Spot Gold

Intraday bias likely to be on the weaker side as long as prices stay below $1880. However, stiff support is seen at $1842 a direct break of which it could extend the selling momentum. A direct surge above $1900 could reverse the momentum. MCX GoldM Jul Res: 48150 Support: 47350.

Silver Mini Jun/ LBMA Spot Silver

While prices stay below the support of $28.50, there are chances of selling pressure to continue the day. Meanwhile, rallies above $30 could negate the view and trigger recovery pullbacks. Silver Mini Jun: Res at Rs 72800. Sup: 69600.

Copper Jun

Weak bias to continue as long as prices stay below 728. Anyhow major support is placed at 688.v

Nickel Jun

A direct drop below 1289 may continue bearish momentum for the day. Else, there are chances of choppy trading.

Lead Jun

Prices continue to be choppy inside 173.50- 168 levels initially and breaking either the sides would suggest fresh direction to the commodity.

Zinc Jun

Braking the resistance of 243 is required to continue bullish momentum. Else, there are changes of negative momentum for the day.

Aluminium Jun

Buying momentum may continue as long as 192 hold the downside. Further weakness is seen only a c close below 188.

MCX Crude Oil May/NYMEX Crude Jun

Bullish outlook may continue as long as the support of $72 remain hold the downside. Meanwhile, next upside obstacles are seen at $76 followed by $78. A direct break of $68 could weaken the sentiment and take prices lower. MCX Jun: Res at Rs 5360 / Support: Rs 4980.

Natural Gas Jun

Corrective selloffs are likely as long as prices stay below the support of 240. Further rallies can be seen only a break of 246.

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