MCX Gold Feb: As expected we saw a pullback towards 12700 levels. Support is at 12460/12480 now. Direct rise above 12730 to re-in force bullish expectations. However, structure shows weakness for the time being. S1: 12520 S2: 12430 R1: 12680 R2: 12820
MCX Silver Mar: Favored view expects a fall towards 15650/15700 as long as 17100/17150 caps the upside. However, a direct rise above 17180 will postpone the bearishness.S1:16600 S2:16350 R1:16900 R2:17150
MCX Copper February: Is still in a consolidation, with a mild bullish bias. Fall below 179/180 to take prices lower towards 166/168 levels now or even lower. Only a direct rise above 197/198 to indicate a clear bullish rally from here. S1: 180 S2: 172.50 R1: 188 R2:194.50
MCX Crude Oil Dec: Expect prices to fall towards 2420/2430 initially. Resistance at 2490/2500 should cap for a fall towards 2330/2340 or even lower. Only an Unexpected rise above 2565 to show a bullish turnaround. S1: 2420 S2: 2340 R1: 2510 R2:2570
MCX Zinc Dec :- Expect prices to find resistance towards 60/60.5 for a fall lower towards 57.50/56.80 levels, break above 61 would cast doubts about this bearish view.S1: 58.10 S2: 56.5 R1: 60.5 R2: 62
MCX Lead Dec: As long as 56.60/57 caps the upside expect prices to edge lower towards 53.30/53.60 levles. Break above 57.50 would cast doubts about this bearish view.S1: 54.10 S2: 53 R1: 56.60 R2: 58.10
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