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Gold Mini Jun/ LBMA Spot Gold

While prices stay above $1890 there are chances to continue the recovery upticks for the day. Anyhow, immediate intraday resistance is placed at $1925. A direct drop below $1845 would weaken the sentiment, but major downside reversal point is seen at $1810. MCX GoldM Jun Res: 49400 Support: 47900.

Silver Mini Jun/ LBMA Spot Silver

Resistance is seen at $30 which needs to be cleared to trigger further rallies in the counter. Otherwise a choppy with negative bias trading is likely for the day. However, immediate supports are seen at $25.60 then 23.80 levels. MCX SilverM Jun: Res at Rs 74200. Sup: 70140.

Copper Jun

Choppy trading is likely for the day. Further selling pressure expected only a break of 738.

Nickel Jun

Prices may vary inside 1280-1210 levels broadly and breaking any of the sides would suggest fresh direction to the commodity

Lead Jun

Weak bias may continue as long as 173 remains caps the upside. Immediate reversal point is placed at 177.

Zinc Jun

Recovery rallies can be seen only a break of 236. Else, expect a choppy trading with mild negative bias.

Aluminium Jun

Prices continue to be range bound inside 195- 185 levels and breaking any of the sides would suggest fresh short term direction.

MCX Crude Oil May/NYMEX Crude Jun

A direct rise above the important resistance of $67 is needed to continue rallies for the day. Else, there are chances of corrective selling pressure, but major downside obstacle is placed at $61.50. MCX Jun: Res at Rs 4860 / Support: Rs 4730.

Natural Gas Jun

If unable to break the support of 208 there are chances of recovery upticks for the day. Anyhow, major upside obstacle is placed at 226.

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