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Gold Mini Jun/ LBMA Spot Gold
Expect a choppy trade inside $1266-1288 levels with mild positive bias for the day. Breaking any of the sides would suggest fresh direction to the commodity.
Silver Mini Jun/ LBMA Spot Silver
Prevailing mild weakness likely to continue as long as prices stay below $14.80. Strong rallies are expected only a break of $15.10.
Expect recovery in prices as long as it stays above the strong support of 422.
While prices stay above 825 expect to continue the recovery moves. Further selloffs are expected once prices closes below the support of 820.
Lead Mini May
As long as 125 hold the downside expect recovery rallies. Else, may continue weakness.
Zinc Mini May
Expect a range bound trading inside 193-187 levels with mild negative bias.
As long as 127 caps upside, expect corrective selling pressure for the day.
Crude Oil May/ NYMEX Crude
The ongoing positive bias likely to continue as long as prices stay above $62. Next res at $64/65.20. Major support is seen at $60. MCX resistance at 4400/4490. Support 4350.
Natural Gas May
Inability to move past 189, expect mild negative bias for the day.
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