VIEWS FOR OCTOBER 10th, 2008

MCX Gold (December): Despite yesterday's volatility looks set for a break of 14333 and testing 14750 or even higher.Supports are at 13980 followed by 13872. Fall below 13975 to dent our bullish view.S1: 14000 S2: 13925 R1:14195 R2:14300

MCX Crude Oil October: Resistance at 4069 followed by 4117. Price could fall further towards 3969 or 3938.Rise past 4207 is needed to suggest further corrective rise towards 4243.S1: 3925 S2:3845 R1:4045 R2:4110

MCX Copper November :- Has met some of the medium term targets. Indicators in oversold conditions warn of a pullback. Fall towards 227 levels look likely.Can look for a potential short-term bounce higher from here.S1: 235.0 S2: 233.0 R1: 239.5 R2: 242.4

MCX Natural Gas Oct: A break of the broad range 317- 333 will decide the next directive move however the bias still remains on the downside.S1: 323 S:315 R1:338 R2: 346

MCX Lead Oct: A break below 77.85 levels would be a bearish sign and may take prices lower towards 75.25 or even 74.10 levels.Resistances now at 81.0 levels.Resistances now at 72.8-73.95 levels.A rise above 74.0 is needed to negate this bearish view. S1: 71.05 S2: 69.85 R1:73.5 R2: 74.85

MCX Nickel Oct: A break below 625 levels would be a bearish sign and may take prices lower towards 595 or even 570 levels. Resistances now at 635 levels A rise above 641 is needed to negate this bearish view.S1: 595 S2: 575 R1: 641 R2: 658