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Gold Mini May/ LBMA Spot Gold

Inability to break the immediate support of $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

A direct rise above $26.50 would extend the buying momentum towards $28 or more. Else, there are chances of corrective selling, but major downside reversal point is placed at 23.80. MCX SilverM Apr: Res at Rs 71600. Sup: 66800.

Copper Apr

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

Nickel Apr

Recovery upticks to continue as long as prices hold the support of 1210. A direct drop below 1190 may extend weakness.

Lead Apr

A direct rise above 171 would take prices further higher. Else, there are chances of corrective selling pressure for the day

Zinc Apr

Expect a choppy trade inside 233-225 levels initially. Breaking any of the sides would suggest fresh direction to the metal for the day.

Aluminium Apr

As prices cleared the resistance of 190 bullish momentum likely to continue the day. Further weakness is seen only a close below 186.

MCX Crude Oil May/NYMEX Crude May

Inability to move past $63, intraday outlook likely to be on the weaker side. Anyhow a direct break below $60 is needed to continue the momentum. 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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