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Gold Mini Jul/ LBMA Spot Gold

If the stiff support of $1754 remain hold, expect a slight recovery uptick for the day. Anyhow major rallies are seen only a close above $1855. A direct drop below $1754 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 upside turnaround point is seen at $28.50. Silver Mini Jun: Res at Rs 70400. Sup: 66200.

Copper Jun

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

Nickel Jun

A direct break of the support of $1260 may trigger further selling pressure. Else, recovery upticks are possible for the day.

Lead Jun

Upticks are likely as long as 168 hold the downside. Major resistance is seen at 173.50, break of which is a short term bullish signal.

Zinc Jun

Support of 228 needs to be cleared for continuation of liquidation pressure. Else, there are chances of intraday reversal.

Aluminium Jun

Inability to move past 188 there are chances of recovery upticks for the day. A direct drop below is a sign of further selling pressure.

MCX Crude Oil May/NYMEX Crude July

Rallies to continue towards the next resistance of $73 initially and which if broken the momentum may continue till $77 or even more. Consistent trades below $69.50 is a sign of weakness. MCX Jun: Res at Rs 5420 / Support: Rs 5120.

Natural Gas Jun

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

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