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Gold Mini Jun/ LBMA Spot Gold

As long as prices hold the stiff support of $1760 there are chances of recovery upticks which may lead prices towards $1820 or more in the immediate future. At the same time, an unexpected drop below $1725 is a bearish signal. MCX GoldM May Res: 48480 Support: 47150.

Silver Mini Apr/ LBMA Spot Silver

Prices needs to sustain above $26.70 to extend the buying momentum towards $28 or more. Inability to do so, there are chances of corrective selling, but major downside reversal point is placed at $23.80. MCX SilverM Jun: Res at Rs 72200. Sup: 67450.v

Copper May

Bullish rallies would continue as long as prices stay above 728. An unexpected drop below the same would trigger corrective selling.

Nickel May

If 1208 remain hold the downside, recovery upticks may continue in the counter. A direct drop below the same is a signal of reversal.

Lead May

Expect rallies to continue towards 173 or more as long as 171 hold the downside. Immediate reversal point is placed at 166.

Zinc May

Breaking the resistance of 232 is required to continue bullish rallies in the counter. Else, there are chance of corrective selling for the day.

Aluminium May

Bullish rallies to continue as long as 190 hold the downside. 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 choppy with negative bias. Anyhow, a direct break below $60 is needed to trigger weakness in prices. However, major downside reversal point is placed at $57. MCX May: Res at Rs 4820 / Support: Rs 4490.

Natural Gas Apr

Braking 208 is needed to continue positive outlook for the day. Else, there are chances of corrective selling pressure.

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