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Gold Mini Jun/ LBMA Spot Gold

Positive outlook remains intact as long as prices hold the support of $1875. However, immediate resistances are seen at $1925 followed by 1970 levels. A direct drop below $1845 would weaken the sentiment, but major downside reversal point is seen at $1810. MCX GoldM Jun Res: 49100 Support: 48200.

Silver Mini Jun/ LBMA Spot Silver

Intraday momentum likely to edge prices higher, but breaking the $30 resistance is required to continue the sentiment. Anyhow, important support is placed at $25.60 a break of weak could trigger further weakness in the counter. Jun: Res at Rs 74200. Sup: 70080.

Copper Jun

Prices remain volatile with positive bias as long as it hold the support of 758. Immediate downside turnaround point is seen at 738.

Nickel Jun

Resistance is seen at 1350 which needs to be cleared for extending buying momentum. Else, there are chances of choppy trading for the day.

Lead Jun

Break above 173 is required to continue positive momentum. Else, there are chances of selling pressure for the day.

Zinc Jun

Buying momentum may continue if prices break the resistance of 241. Downside turnaround point is seen at 229.

Aluminium Jun

Bullish outlook may continue while prices stay above 195. Trend reversal point is placed at 185.

MCX Crude Oil May/NYMEX Crude Jun

Consistent trades above $67 is required to trigger bullish rallies towards $68 and $72 levels. Else, there are chances of choppy with mild negative bias for the day. A direct break of $65 would trigger major liquidation pressure. MCX Jun: Res at Rs 4940 / Support: Rs 4730.

Natural Gas Jun

Break above 222 is required to continue further rallies. Else, there are chances of range bound with negative bias trading.

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