MCX Gold (December): Favored view expects a fall towards 12853 levels or even lower. A bearish consolidation is in progress and as long as 13682 caps upside attempts , we can see a fall below 12853 levels.S1:13265 S2:13200 R1:13385 R2:13455
MCX Silver December: As expected we saw a fall towards 18125.Resistance at 18656 followed by 19010 now.Rise above 19365 to cast doubts on our bearish expectations. S1:18100 S2:17850 R1:18450 R2:18785
MCX Crude Oil :-Rise above 3690 is needed to hint at a stronger upward retracement. S1:3545 S2:3500 R1:3615 R2:3670
MCX Copper November :- As expected we saw a test of 236 levels . Further downside to 227 or even lower 207 levels looks likely.Only a rise above 249 to reinforce bullish expectations. S1: 228 S2:223 R1:238 R2:243
MCX Zinc Oct: Moved as expected. Expect bearishness to continue for a test of 61.0 levels now as long as 66.0 levels resist .Only arise above 66.75 would cast a doubt on this view. S1: 62.75 S2: 61.35 R1: 65.85 R2: 67.10
MCX Lead Oct: Expect bearishness to continue for a test of 70.5 levels now as long as 75.60 levels resist .Only a rise above 76.15 would cast a doubt on this view. S1: 72.45 S2: 71.05 R1: 74.55 R2: 75.65
MCX Nickel Oct: Expect bearishness to continue for a test of 565 levels or even lower towards 540 now as long as 605 levels resistOnly arise above 615 would cast a doubt on this view.S1: 570 S2: 558 R1: 596 R2: 612
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