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Gold Mini Apr/ LBMA Spot Gold

Choppy with negative bias trading would continue as prices stay below the support of $1760. Meanwhile, major downside momentum is seen only if it breaks below $1660. A direct break of $1760 recovery upticks would trigger and it may take prices towards $1820 or more. MCX GoldM Apr Res: 46200 Support: 44680.

Silver Mini Apr/ LBMA Spot Silver

As long as prices stay below $26.50 expect corrective selloffs to continue the day. However, a direct drop below $25 is a sign of major liquidation pressure. MCX Silver Apr: Res at Rs 68840. Sup: 65300.

Copper Mar

Inability to break 665, expect recovery rallies for the day. Meanwhile, a direct break of 658 is a sign of major selling pressure.

Nickel Mar

Support of 1140 needs to be cleared for continuation of selling pressure. Else, there are chances of recovery upticks for the day.

Lead Mar

Further selloffs are seen only a break of 157. Else, there are chances of recovery upticks for the day.

Zinc Mar

Inability to break 215 there are chances of recovery upticks for the day. Unexpected drop below the same would extend selling pressure.

Aluminium Mar

While prices stay above 176 buying momentum may continue the day. Else, there are chance of corrective selling pressure.

MCX Crude Oil Mar/NYMEX Crude Apr

Corrective selloffs are likely as long as prices stay below $62. Anyhow, immediate and stiff support is placed at $58. A direct drop below the same would extend further liquidation pressure. An unexpected rise above $64 is a bullish signal. MCX Mar: Res at Rs 4670 / Support: Rs 4320

Natural Gas Mar

Weak bias to continue as long as prices stay below 188. A close above 195 is a signal of reversal.

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