VIEWS FOR THE WEEK FROM 15TH DECEMBER

MCX Gold Feb: Dips to 12716/12732 to hold supports for an initial test of 13152. Further resistances are at 13386 and 13728.For the week we favor a test of 13728 as long as 12560 hold.S1: 12735 S2: 12650 R1: 12900 R2: 13005

MCX Silver Mar: Immediate resistance is at 17620 and stronger ones are at 17870/17937. A break and close above 18004/18037 should open the way for a sharp rise towards 19791 or even higher towards 21127. This is our favored view. However, failure to surpass 17954. regions could re-in force bearish expectations. S1:17000 S2:16800 R1:17250 R2:17550

MCX Copper February: Once again bullish signs appear. Rise and close above 168.0 to trigger a clear bullish move. Initial resistance is at 175.0 followed by 183.50/185.50 levels. Important supports are at 160.70 followed by 155.16 S1: 162 S2: 157 R1: 171 R2:176

MCX Crude Oil Jan : Price could attempt to rise towards levels like 2586/2612 or even 2720. Short-term dips if any could be held near 2400/2423 or maximum 2317 for an upturn. It has to fall below 2300 to reassess the situation. S1: 2385 S2: 2325 R1: 2475 R2:2550

MCX Zinc Dec: - As long as 50.5-51.0 levels support , expect prices to move higher towards 53.75-54.85 levels . Only a fall below 50.00 levels to negate this bearish view now.S1: 50.5 S2: 49.80 R1: 52.50 R2: 54.20

MCX Nickel Dec: Expect prices to find support at 500 levels for a move higher towards 550 levels. A fall below 495 to cast doubt about this view. S1: 485 S2: 465 R1:520 R2: 550

GOLD COMEX TECHNICAL UPDATE:Gold started the week slightly inclining but still below the 835.75 critical level which halts the metal from extending thegains to reach 858.20 and 866.45 respectively. Trading above the 806.85 level will result in the pair attempting to retest the above mentioned resistance level to achieve the next targets

SILVER COMEX TECHNICAL UPDATEnce again, silver is trading below the key support for the sideways triangle attempting to breach it to reach 11.05. We should monitor the intraday trend as the metal is declining due to trading below the mentioned resistance at 10.46 however the breach of this level will open the way for the metal to reach its targets gradually.

CRUDE NYMEX TECHNICALS:Crude is trading below the resistance level at 47.55 and the 100 day MA on the four hour charts at 48.45. If prices remain below this level, we will see a significant drop yet we should remain cautious since trading above the 100 day MA will reverse the trend on the intraday basis for today and will incline targeting 50.50

JACK POT CALL ::
BUY CRUDE IN DIP 45.50-44.30 SL BELOW 43.30 TGT 49 - 50.50 DAILY CLS ABV 49.50 WILL ZOOM TO 54-56