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Gold Mini Aug/ LBMA Spot Gold

If unable to break the support of $1780, intraday bias slightly on the positive side. However, the $1835 resistance mark needs to be cleared for continuation of the momentum. A direct drop below $1780 is an early signal of major liquidation pressure in the counter. MCX GoldM Aug Res: 48400 Support: 46850.

Silver Mini Aug/ LBMA Spot

Silver Prices continue to be volatile initially. A direct break of $24.20 bearishness would extend in the near future. Major upside turnaround point is seen at $26.80. MCX SilverM Jul: Res at Rs 70900. Sup: 66400.

Copper Jul

Recovery upticks may continue the day as well. However, an unexpected drop below 724 prices would liquidate further.

Nickel Jul

If the support of 1374 remain undisturbed, expect recovery rallies for the day. Else, expect corrective selloffs.

Lead Jul

A direct dip below 177 weak momentum remains on the cards. Further rallies can be seen only above 182.

Zinc Jul

A break above 244 could take prices further higher. Otherwise it may correct lower for the day.

Aluminium Jul

Weak momentum to continue as long as prices stay below the support of 196. Major resistance is seen at 198.

MCX Crude Oil Jul/NYMEX Crude Aug

A direct break above the resistance of $72 is needed to continue recovery upticks. Else, there are chances of corrective selling but sharp liquidation can be seen only a break of $65. MCX Aug: Res at Rs 5450 / Support: Rs 4880.

Natural Gas Jul

Intraday trend remain on the positive side as long as 283 hold the downside. Immediate trend reversal is seen only a break of 263.

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