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Gold Mini Jun/ LBMA Spot Gold

Prices likely to edge higher towards the immediate resistance of $1880. A direct rise above the same would extend the momentum towards $1928 or even more. Meanwhile, a direct drop below $1810 would negate the short term buying momentum and take prices lower. MCX GoldM Jun Res: 48480 Support: 46360.

Silver Mini Jun/ LBMA Spot Silver 

Breaking the intraday resistance of $28.20 is needed to continue rallies towards $30 or even more. Else, there are chances of corrective selling pressure for the day. MCX SilverM Jun: Res at Rs 73500. Sup: 68600.

Copper May

Further rallies can be seen only a break above 788. Else, there are chances of corrective selling for the day.

Nickel May

Inability to break the immediate upside hurdle of 1340 weak bias to continue in the counter. Anyhow, stiff support is placed at 1250.

Lead May

Consistent trades above 178 is required to continue the bullish momentum. Else, there are chances of corrective selloffs for the day.

Zinc May

Break below the support of 227 would extend weak bias for the day. Else, a slight recovery may be seen.

Aluminium May

If the support of 192 remain undisturbed, expect recovery moves for the day. A direct drop below 190 is a weak signal.

MCX Crude Oil May/NYMEX Crude May

Breaking the immediate resistance of $66.50 is required to continue the bullish momentum. Else, prices remain choppy inside $63-66.50 levels for the day. A close below $60.50 is a short term bearish signal. MCX May: Res at Rs 4935 / Support: Rs 4575.

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