IGI Logo

Gold Mini May/ LBMA Spot Gold

Sustaining trades above $1760 may strengthen prices and there are chances of recovery upticks which may lead prices towards $1820 or more. At the same time a direct turn below $1725 is a bearish signal. MCX GoldM May Res: 47740 Support: 45880.

Silver Mini Apr/ LBMA Spot Silver

The intraday trades likely to continue inside $26.50-23.80 levels initially and it required to break either the sides to suggest a fresh direction to the commodity. MCX SilverM Apr: Res at Rs 69900. Sup: 66560.

Copper Apr

A voluminous break above 720 region may strengthen the prices further. Weakness is seen only a break of 687.

Nickel Apr

If the 1210 region remain held, expect rebounds in the day. A direct drop below the same is a weak signal.

Lead Apr

Prices may appear firm above the hindrance of 168 region. Else, corrective dips can be witnessed holding the same resistance.

Zinc Apr

A direct break above 231 bullish bias to extend towards 236 or more. Weakness is seen only a close below 220.

Aluminium Apr

Prices continue to stay firm as long as it hold the support of 182. Immediate downside turnaround point is placed at 179.

MCX Crude Oil May/NYMEX Crude May

Prices may strengthen further as it continue to hover above the $62 region. Anyhow, next major upside obstacle is seen at $64 followed by $66.50. A direct drop below $58 is a sign of weakness. MCX May: Res at Rs 4880 / Support: Rs 4420.

Natural Gas Apr

Positive outlook remain intact as long as prices stay above 188, and the momentum may extend higher if prices break above 201. Weakness is expected only a below 178.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at www.geojit.com
SEBI Registration number is INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer