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Gold Mini Jul/ LBMA Spot Gold

Initial moves are likely to be choppy inside $1760-1796 levels, and breaking any of the sides would suggest fresh direction to the commodity. Anyhow, major downside reversal is seen only a break of $1665. MCX GoldM Jul Res: 47600 Support: 46400.

Silver Mini Jun/ LBMA Spot Silver

Prices continue to trade in a tight range of $26.40-25.40 levels. Either the side breakout would set a short term direction for the metal. Silver Mini Jun: Res at Rs 70400. Sup: 66200.

Copper Jul

Prices remain choppy with negative while it stays below 730. Further major liquidation is seen only a break of 692.

Nickel Jul

There are chances of recovery upticks if the $1348 support remain undisturbed. A direct drop below 1320 is a sign of major liquidation.

Lead Jul

Stiff downside support is seen at 169.50, a direct break of which would extend selling pressure. Else, there are chances of recovery upticks for the day.

Zinc Jul

If the resistance of 238 remain caps, expect corrective selloffs to continue the day. Further major rallies are seen only above 243.

Aluminium Jul

Inability to break the support of 190 there are chances of recovery rallies. An unexpected drop below the same is a sign of further weakness.

MCX Crude Oil May/NYMEX Crude July

Momentum continue to be positive as long as it stays above $72.50. Anyhow, next major upside hurdles are seen at $77 followed by $82 levels. Consistent trades below $69.50 is a sign of near term weakness. MCX Jul: Res at Rs 5520 / Support: Rs 5270.

Natural Gas Jul

Buying momentum likely to extend further if the support of 248 remain hold the downside. Immediate turnaround point is seen at 233.

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