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Gold Mini Jun/ LBMA Spot Gold

Consistent trades above $1880 is required to continue the buying momentum for the day. Else, there are chances of corrective selling but major downside reversal is seen only a break of $1810. MCX GoldM Jun Res: 49400 Support: 47200.

Silver Mini Jun/ LBMA Spot Silver

A direct break of $30 is needed to trigger further bullish waves in the counter. Otherwise a choppy with negative bias trading is likely with immediate supports are seen at $25.60 then 23.80 levels. MCX SilverM Jun: Res at Rs 74200. Sup: 69850

Copper May

Corrective selloffs are likely if prices break the support of 748. Inability to so, there are chances of recovery upticks for the day.

Nickel May

Liquidation pressure may continue as long as 1280 caps the upside. Further rallies are seen only a break of 1340.

Lead May

Likely for a choppy trading inside 170-177 initially. Breaking any of the sides would suggest fresh direction to the commodity

Zinc May

Inability to break the immediate resistance of 236 there are chances of selling pressure for the day.

Aluminium May

As prices cleared the support of 188 expect liquidation pressure to continue the day. Further rallies can be seen only a close above 195.

MCX Crude Oil May/NYMEX Crude Jun

While prices stay below $63 liquidation pressure may continue for the counter. However, major liquidation pressure can be seen only if prices break the support of $57. MCX Jun: Res at Rs 4745 / Support: Rs 4370.

Natural Gas May

Consistent trades below the support of 212 would extend weak momentum. Else, there are chance of recovery upticks for the day.

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