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Gold Mini Jul/ LBMA Spot Gold

Initial bias likely for a slight recovery but the momentum unlikely to extend above $1835. At the same time, a direct drop below $1755 would trigger further liquidation pressure in the counter. MCX GoldM Jul Res: 47800 Support: 46100.

Silver Mini Jun/ LBMA Spot Silver

A direct break below the stiff support of $25.50 is needed to continue liquidation pressure. Else, there are chances of recovery upticks. Anyhow, immediate turnaround point is seen at $28.50. Silver Mini Jun: Res at Rs 70400. Sup: 67000.

Copper Jun

Choppy with negative bias is expected as long as 720 caps the upside. Anyhow major support is placed at 688.

Nickel Jun

Prices remain volatile but breaking $1260 is needed to trigger further selling pressure. Else, recovery upticks are possible for the day.

Lead Jun

Stiff support is placed 168. Further liquidation is seen only a breach of the same. Else, there are chances of recovery upticks.

Zinc Jun

Support of 233 needs to be cleared for continuation of liquidation pressure. Else, there are chances of intraday reversal.

Aluminium Jun

A choppy trading is likely in the hours. Breaking 188 is an early signal of short term liquidation.

MCX Crude Oil May/NYMEX Crude Jun

Choppy with weak bias expected initially, but breaking the stiff support of $69 is unlikely for the day. Meanwhile, further major rallies are seen only a close above $73. MCX Jun: Res at Rs 5290 / Support: Rs 4980.

Natural Gas Jun

Initial selloffs are likely while 241 remain caps the upside. Major liquidation pressure is seen if prices break the support of 236.

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