MCX Gold & Silver futures may remain sideways. Gold prices held record high on Tuesday. MCX silver prices remain very up and down in intraday bases. That's why traders are adopting a wait-and-watch policy before investing in silver. Base metals prices opening higher on today. MCX Copper prices are very affected by risks in global copper supply. Fall in demand from consuming industries in the spot market may put some pressure on Zinc futures prices. Crude oil prices may remain sideways. US crude futures fell below USD 99 a barrel on Tuesday. Natural gas futures may remain downside. High natural-gas production is still limiting the upside for futures in the international market.
MCX Copper August
MCX Copper August
Support: Rs 428
Resistance: Rs 440
MCX Aluminium July
MCX Aluminium July
Support: Rs 114
Resistance: Rs 117
MCX Zinc July
Support: Rs 108
Resistance: Rs 112
MCX Nickel July
MCX Nickel July
Support: Rs 1,045
Resistance: Rs 1,085
MCX Lead July
MCX Lead July
Support: Rs 118
Resistance: Rs 122