MCX Gold Feb: Resistances are at 12303 followed by 12430 now. Rise above 12430 could lead prices higher towards 12672 levels again. However, price structures, are not conducive for any major upside and expect a test of 11550 levels. S1: 12035 S2: 11950 R1: 12199 R2: 12322
MCX Copper February: A possible upward correction can be seen. The first trigger will be a rise above 171.50 followed by close above 178. In the absence of this move the downside rally could continue towards 157.S1: 159 S2: 155 R1: 165.70 R2:169.55
MCX Crude Oil Dec: Favoured view expects a corrective rise towards 2170 / 2250. Supports are near 2095 $ 2078. Fall below 2075 would cause doubts about maintaining this stance. Below 2025 we could see the resumption of downtrend that has its next target at 1802 to begin with S1: 2078 S2: 2025 R1: 2145 R2:2188
MCX Zinc Dec: - Supports at 53.05 / 52 levels now. While above these levels we could expect corrective rallies towards 57/58 levels. Fall below 52 to see further weakness in prices.S1: 53.10 S2: 52.00 R1: 55.60 R2: 57.20
MCX Lead Dec: A break above 50 could see a corrective rally towards 52.50/53 levels. On the other hand a fall below 46 would be required to see prices prices weaken further.S1: 46.25 S2: 45.00 R1: 49.50 R2: 51.70
MCX Nickel Dec:Rallies to 471/480 could find resistance for a fall lower toward 440, break above 485 would negate this bearish view.S1:447 S2:420 R1:472 R2:485
MCX Natural Gas Dec While below 295 / 306 prices could stay under pressure and a break below 284 to see further weakness. A rise above 313 would negate this view. S1: 285 S2: 270 R1: 295 R2: 306
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