MCX Gold Feb: Rallies to 12570/12610 to find resistance for a fall lower towards 12260/12280, break below 12250 will be a bearish sign and prices could test 12100/12120 levels. Break above 12650 would negate this bearish view. S1: 12265 S2: 12120 R1: 12500 R2: 12650
MCX Silver Mar: Favored view expects a fall towards 15800/15850 as long as 16900/16950 caps. However, a direct rise above 17000 to postpone the bearishness.S1:16500 S2:16100 R1:16850 R2:17000
MCX Copper February: A near-term target at 170 has been tested. Further supports at 163/164 being a long-term support point. Possibility of a test of 156/157 cannot be ruled out though. Resistance will be at 174/175 now. S1: 164 S2: 158 R1: 172 R2:177.50
MCX Crude Oil Dec: Structure is bearish for a fall towards 2180/2150 regions. Even 2110/2120 is possible. Short-term up ticks could be seen testing nearer resistance at 2250/2265. Rise above 2300 is needed to hint at stronger recovery, lessening the chance for an immediate decline. S1:2200 S2:2160 R1:2260 R2:2300
MCX Zinc Dec: - As long as 58.40/58.60 caps the upside, expect prices to edge lower towards 55.30/54.80. Rise above 59.90 would negate this bearish view.S1: 56.00 S2: 54.80 R1: 58.40 R2: 59.90
MCX Lead Dec: Expect corrective rallies to find resistance towards 50.20 / 50.50 for a fall towards 47.70 / 47.00 levels. Break above 52.50 would cause doubts about this view. S1: 48.00 S2: 46.70 R1: 50.50 R2: 51.70
MCX Nickel Dec: Rallies to 471/474 could find resistance for a fall lower towards 450/445, break above 480 would negate this bearish view. S1: 455 S2: 440 R1:472 R2: 485
MCX Natural Gas Dec As long as 315/316 resist expect move lower toward 292/294, break above 320 would negate this bearish view. S1:295 S2:290 R1:310 R2:316.50
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