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Gold Mini Aug/ LBMA Spot Gold

While prices stay above the support of $1780, intraday bias likely to extend the positive outlook. However, immediate upside obstacle is seen at $1835 break of which sharp rallies can be seen. A direct drop below $1780 is an early signal of major liquidation pressure. MCX GoldM Aug Res: 48400 Support: 46850.

Silver Mini Aug/ LBMA Spot

Silver If the support of $24.20 remain undisturbed, expect recovery upticks in the counter. A direct drop below the same is a signal of long liquidation pressure. MCX SilverM Aug: Res at Rs 68800. Sup: 66400.

Copper Aug

Recovery upticks to continue the day as well. However, an unexpected drop below 734 prices would liquidate further.

Nickel Aug

Bullish outlook to continue while the support of 1420 remain hold the downside. Major turnaround point is seen at 1390.

Lead Aug

Prices may liquidate further as long as 178 remains caps the upside. Recovery rallies can be seen only above 182.

Zinc Aug

A break above 242.20 bullish outlook would extend further. Else, there are chances of corrective selling for the day.

Aluminium Aug

If 198.50 remain hold, expect recovery rallies in the counter. Else, there are chances of corrective selling for the day.

MCX Crude Oil Jul/NYMEX Crude Aug

A direct break above the resistance of $72,5 is needed to continue recovery upticks. Else, there are chances of choppy with corrective selling initially but sharp liquidation can be seen only a break of $65. MCX Aug: Res at Rs 5450 / Support: Rs 5084.

Natural Gas Aug

Positive bias to extend further as long as 289 hold the downside. Immediate trend reversal is seen only a break of 264.

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