VIEWS FOR 15th OCTOBER 2008

MCX Gold (December): The 12696-13580 range is active now. Favored view expects the lower side of the range to be broken followed by a test of 11844 or even lower.S1:13000 S2:12945 R1:13145 R2:13220

MCX Silver December: Favored view expects a test of 19890 as long as 18090 holds.S1:18350 S2:18120 R1:18950 R2:19165

MCX Copper November :- Came close to testing our target and retraced from there. Important support is at 243 now below which the downtrend could find more momentum. Structure however favor an upside towards 281 or even higher towards 299 as long as 235/237 holds.S1: 245 S2:239 R1:258 R2:264

MCX Crude Oil October: The decline could find supports near 3727/3713 for one more corrective rise towards 4073 or 4121.Fall below 3713 would increase the chances of further decline towards 3645/3650.S1:3712 S2:3645 R1:3895 R2:3955

MCX Zinc Oct: As long as 69.7-70.6 levels resist , expect prices to move lower towards 66.4 or even 64.0 levels.Only a rise above 71.0 levels will bring in bullishness. S1: 66.75 S2: 65.35 R1: 68.85 R2: 70.10

MCX Lead Oct: Expect bullishness to continue for a test of 80.70 or even 81.65 levels as long as 76.45 levels hold support .Only a fall below 75.6 would negate this bullish view.S1: 76.15 S2: 75.0 R1: 78.15 R2: 79.55

MCX Natural Gas Oct: Only a break of the range 317-331 would decide the next directive move.S1: 316 S:310 R1:332 R2: 345