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Gold Mini May/ LBMA Spot Gold

As long as prices stay above $1760 there are chances of recovery upticks which may lead prices towards $1820 or more. At the same time an unexpected drop below $1725 is a bearish signal. MCX GoldM May Res: 48240 Support: 46200.

Silver Mini Apr/ LBMA Spot Silver

Choppy trading 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

Bullish momentum may continue while prices stay above 698. Weakness is seen only a break of 687.

Nickel Apr

If unable to break the support of 1210 there are chances of recovery upticks. Else, weakness will trigger in the counter for the day.

Choppy trading inside 168-163 levels expected initially and breaking any of the sides would direct prices further.

Zinc Apr

Prices needs to break above 231 to continue bullish bias towards 236 or more. Weakness is seen only a close below 226.

Aluminium Apr

Further rallies can be seen only a break of 190. Else there are chances of corrective selling pressure for the day.

MCX Crude Oil May/NYMEX Crude May

Break above $64 is needed to continue rallies towards $66.50 followed by $72. Else, intraday momentum may be on the weaker side with stiff major downside reversal point is placed at $57. MCX May: Res at Rs 4820 / Support: Rs 4420.

Natural Gas Apr

Positive outlook remain intact as long as prices stay above 196. Further weakness is seen only a close below 187.

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