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Gold Mini Aug/ LBMA Spot Gold

The $1835 resistance remain caps the upside and likely to weaken the momentum. However, a direct drop below $1788 is needed to trigger major liquidation pressure in the counter. Immediate upside turnaround point is seen at $1845. MCX GoldM Aug Res: 49300 Support: 47490.

Silver Mini Aug/ LBMA Spot Silver

A direct drop below $25.40 expect sharp liquidation pressure which may take prices lower to $24.40 or more. Further rallies can be seen only a break above $26.80. MCX SilverM Jul: Res at Rs 71400. Sup: 66800.

Copper Jul

Prices remain choppy inside 742-716 levels and either side breakout would suggest a short term view for the commodity.

Nickel Jul

Outlook continue to be bullish as long as the support of 1412 remain undisturbed. Immediate turnaround point is seen at $1384.

Lead Jul

The 177-182 trading range remain valid and breaking any of the sides would suggest fresh direction to the commodity.

Zinc Jul

A break above 244 could take prices further higher. Otherwise it may correct lower for the day.

Aluminium Jul

Recovery moves are remain in the cards while prices stay above 196. A direct drop below 190 is a weak signal.

MCX Crude Oil Jul/NYMEX Crude Aug

If the support of $69 remain hold, chances for recovery upticks are still on cards. However, resistances are seen at $73 followed by $75.50. An unexpected drop below $69 is a sign of short term weakness. MCX Aug: Res at Rs 5480 / Support: Rs 5258.

Natural Gas Jul

A choppy trade inside Rs 289-262 levels are likely for the day. Either side breakout would suggest fresh direction to the commodity.

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