MCX Gold (October): Should consolidate in the range between 11460 and 11710 levels and rise higher towards 11780 or even higher towards 12004. This is the favored expectation. Fall below 11337 could dent our bullish expectations.S1: 11617 S2:11578 R1:11701 R2: 11748
MCX Silver December: Extremely volatile and showing bearish signs now. View unclear and suggest to be on the sidelines. Possible range is 17420 and 18600. S1: 18125, S2: 17890, R1: 18375, R2: 18605
MCX Crude Oil October: Projected downside targets are at 4260 & 4180. A bullish reaction towards 4320 / 4330 is favoured from the downside target area If it does not occur at 4260 or maximum 4180 and price keeps falling below 4160 then it would go for 4045. Resistance levels are at 4300 & 4320. Rise above 4330 is needed to indicate some corrective action.
MCX Copper November: Bearish now. Move below 308 could trigger a sell-off towards 285 levels now. Resistance is at 319.75 / 321 levels now. S1: 315 S2: 312 R1: 319.75 R2: 322
MCX Zinc Sept: AS long as 82.5-84.0 levels resist , expect prices to fall towards 79.5-78.0 levels. However a rise above 84.7 would cast doubts on this bearish view. S1: 80.2 S2: 79.0 R1: 82.5 R2: 84.0
MCX Lead Sept: AS long as 86.5-88.0 levels resist , expect prices to fall towards 83.5-81.0 levels. However rise above 88.5 would cast doubts on this bearish view. S1: 84.0 S2: 82.7 R1: 86.7 R2: 88.0
MCX Nickel Sept: Prices expected to find strong resistance in the 860-872 zone to move lower towards the 830 region.However a direct rise above 876 would cast doubts on this bearish view.S1: 832 S2: 820 R1: 858 R2: 870
MCX Natural Gas Sept: As long as 335-342 levels hold support, expect prices to move higher towards resistance levels which lie in the 365 region. A fall below 333 would negate this bullish view.S1: 337 S:326 R1:361 R2: 368
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