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Gold Mini Aug/ LBMA Spot Gold

Breaking the important resistance of $1835 is needed to continue upticks in near term. Else, there are chances of corrective selling but, major weakness is seen only a close below $1790. MCX GoldM Sep Res: 48650 Support: 46850.

Silver Mini Aug/ LBMA Spot Silver

Inability to move past the support of $24.20 chances of recovery upticks are still on the cards. Meanwhile, an unexpected drop below the same is a signal of long liquidation pressure. MCX SilverM Aug: Res at Rs 69200. Sup: 66800.

Copper Aug

Choppy with mild negative bias is likely as long as prices stay below 745. A close above 752 is a sign of recovery.

Nickel Aug

Recovery upticks may continue while the support of 1445 remain hold the downside. Major downside turnaround point is seen at 1390.

Lead Aug

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

Zinc Aug

Consistent trades below 249 weak bias to continue in the counter. Further rallies are seen only a close above 256.

Aluminium Aug

Expect a range bound trade inside 206-202 levels initially and breaking any of the sides would suggest further direction.

MCX Crude Oil Jul/NYMEX Crude Aug

Initial pullbacks are likely, but if unable to break $72 weakness will continue in the counter. A direct drop below $66 is a signal of short term liquidation pressure. Further major rallies can be seen only a close above $74.50. MCX Aug: Res at Rs 5270 / Support: Rs 4940.

Natural Gas Aug

Bullish outlook may continue while prices stay above 303. A close below 298 may correct prices lower.

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