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Gold Mini Jun/ LBMA Spot Gold

Breaking the important resistance of $1880 is required to continue the positive momentum towards $1925 or more. Else, there are chances of corrective selling but major downside turnaround point is placed at $1805. MCX GoldM Jun Res: 49400 Support: 46360.

Silver Mini Jun/ LBMA Spot Silver

Buying momentum may continue but it required to break and sustain above $30 to trigger sharp rallies in the counter. A direct drop below $26.20 may call for selling pressure but stiff support is placed at $24. MCX SilverM Jun: Res at Rs 74800. Sup: 70150.

Copper May

Further rallies can be seen only a break above 793. Else, there are chances of choppy with corrective selling bias for the day.

Nickel May

A direct break above 1340 is required to continue bullish momentum. Else, expect a weak bias trading for the day.

Lead May

Corrective selloffs may continue if prices are unable to break the resistance of 178. Immediate stiff support is placed at 170.

Zinc May

Though the broad outlook is positive, intraday corrective selloffs are likely as long as 245 caps the upside. Major downside turnaround point is placed at 228.

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 4872 / Support: Rs 4575.

Natural Gas May

Braking the support of 218 is required to continue weak momentum. Else, prices may edge higher for the day.

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