MCX Crude Oil November: Favoured view expects corrective rallies to be capped near 3567/3603 for a fall towards 3284/3248. Unexpected rise past 3628 S1: 3400 S2: 3345 R1:3535 R2:3600
MCX Natural Gas Nov: Moved as expected . Resistances now at 342-347 levels now. As long as these levels resist prices could slide down further towards 325 or even lower towards 316 levels. Only a rise above 351 would induce bullishness S1: 328 S2: 320 R1: 343 R2: 350
MCX Nickel Oct: While above 470 levels corrective rallies may test resistance levels at 486 -500 levels . Fall below 465 would negate this view and would signal the resumption of the bearish move.
S1: 455 S2: 435 R1: 488 R2: 508
MCX Lead Oct: As long as 62.35-61.25 levels support , corrective rally could test resistance levels at 65.85 or even higher at 67.0 levels.Fall below 62.0 would negate this view and would signal the resumption of the bearish move.S1: 63.25 S2: 62.0 R1: 66.0 R2: 67.0
MCX Zinc Oct: As long as 56.65-55.90 levels support , corrective rally could test resistance levels at 60.45 or even higher at 62.40 levels. Fall below 55.0 would negate this view and would signal the resumption of the bearish move. S1: 57.35 S2: 55.85 R1: 59.85 R2: 61.0
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