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Gold Mini Aug/ LBMA Spot Gold

A direct break above the resistance of $1835 is needed to continue upticks. Else, there are chances of corrective selling but, breaking the important support of $1790 required to extend the momentum in near term. MCX GoldM Sep Res: 48650 Support: 46850.

Silver Mini Aug/ LBMA Spot Silver

While prices stay above the support of $24.20 chances of recovery upticks are still on the cards. A direct drop below the same is a signal of long liquidation pressure. MCX SilverM Aug: Res at Rs 69200. Sup: 66800.

Copper Aug

As long as prices stay below 745 weak bias to continue the day. A close above 752 is a sign of recovery.

Nickel Aug

Bullish outlook likely to continue while the support of 1445 remain hold the downside. Major turnaround point is seen at 1390.

Lead Aug

Prices required to break 179 to continue further upside. Else, expect choppy with negative bias trading for the day.

Zinc Aug

Bullish outlook would take prices further higher as long as the support of 242 remain undisturbed. Major downside turnaround point is placed at 236.

Aluminium Aug

Bullish outlook to continue while prices stay above 202. A close below 199 is a downside reversal sign.

MCX Crude Oil Jul/NYMEX Crude Aug

Consistent trades below the stiff support of $71.50 would continue liquidation pressure. Else, there are chances of recovery upticks for the day. Anyhow further major rallies can be seen only a close above $74.50. MCX Aug: Res at Rs 5520 / Support: Rs 5280.

Natural Gas Aug

Corrective selling pressure is likely as long as 302 caps the upside. A direct rise above the same would take prices further higher.

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