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Gold Mini Jul/ LBMA Spot Gold

A sharp gap down opening is likely possibly by more than two percent or more. To continue the momentum prices required to break $1800 levels, else there are chances of slight recovery pullbacks. MCX GoldM Jul Res: 48150 Support: 47050.

Silver Mini Jun/ LBMA Spot Silver

Prices may open with a lower gap and likely to consolidate the day. It required to break $26 convincingly to trigger major liquidation pressure. A direct break above $28.50 is needed to negate the bearish expectation and take prices higher. Silver Mini Jun: Res at Rs 72200. Sup: 68800.

Copper Jun

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

Nickel Jun

While prices stay below 1289 bearish momentum would continue for the day. Recovery upticks are seen only a close above 1320.

Lead Jun

Though mild weakness may be seen, it required to break 169 to trigger liquidation pressure. Else, expect choppy trading the day.

Zinc Jun

Negative momentum is likely initially, but stiff support is placed 235 which should be cleared for continuation of the momentum.

Aluminium Jun

Prices continue to trade inside 190-195 levels with negative bias. Breaking any of the sides would suggest fresh direction to the commodity.

MCX Crude Oil May/NYMEX Crude Jun

Corrective selloffs expected initially, but breaking the stiff support of 69 is highly unlikely. Meanwhile further rallies are seen only a close above $73. MCX Jun: Res at Rs 5290 / Support: Rs 4980.

Natural Gas Jun

Choppy with mild negative bias trading is likely as long as prices stay below 240. Further rallies can be seen only a break of 246.

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