MCX Gold (December): Moved as per expectations. Pullback expected for the day towards 13055-13086 or even higher towards 13229.Favored view still expects a fall towards 12055 levels as long as these resistances cap . Caution to be exercised for shorts on the break of 13515.S1: 12700 S2:12635 R1: 12850 R2: 12935
MCX Silver December: As expected we saw a fall towards 17000. Showing some signs of pullback today.Resistance at 18082 followed by 18622 .Favored view expects resistance to cap for a fall towards 15347 .Unexpected rise above 18712 to cast doubts on this bearish view.S1:17120 S2:16850 R1:17550 R2:17800
MCX Copper November :- Resistance at 257.1 expected to cap for a decline towards 226 or even lower .. However a move above 263-264 should hint at the extension towards 290. S1: 226 S2: 221 R1: 236 R2:241
MCX Crude Oil November : Corrective rise towards 3702/3737 region is favored. Supports are at 3578, 3538 $ 3523.correction before next decline towards 3230.It has to fall below 3463 to hint at the possibility of failure of this expectation. The expected rally would be treated as a minor S1:3435 S2:3375 R1:3585 R2:3665
MCX Zinc Oct: Oversold conditions indicate a bounce from yesterdayAcA?A¿s lows. As long as 57.85-58.2 levels support expect corrective rallies to 62.0 or even 63.7 levels. Fall below 57.8 would confirm resumption of the bearish trend. S1: 58.0 S2: 56.85 R1: 60.0 R2: 61.3
MCX Lead Oct: Expect corrective rallies to test 71.3 or even 73.10 levels as long as 68.0 levels support . Fall below 67.3 would lead to further decline.S1: 68.0 S2: 67.10 R1: 70.0 R2: 71.20
MCX Nickel Oct: Expect corrective rallies to test 571 or even 595 levels as long as 545 levels support .However a fall below 545 would hint at further weakness in prices. S1: 545 S2: 530 R1: 568 R2: 591
MCX Natural Gas Oct: As long as 329-325 levels hold support expect prices to rally towards 349 levels . Fall below 322 to dent our bullish expectations.S1: 327 S2: 321 R1:341 R2: 349
Friday, October 17, 2008
Thursday, October 16, 2008
VIEWS FOR 16th OCTOBER 2008
MCX Gold (December): Favored view expects a fall towards 12853 levels or even lower. A bearish consolidation is in progress and as long as 13682 caps upside attempts , we can see a fall below 12853 levels.S1:13265 S2:13200 R1:13385 R2:13455
MCX Silver December: As expected we saw a fall towards 18125.Resistance at 18656 followed by 19010 now.Rise above 19365 to cast doubts on our bearish expectations. S1:18100 S2:17850 R1:18450 R2:18785
MCX Crude Oil :-Rise above 3690 is needed to hint at a stronger upward retracement. S1:3545 S2:3500 R1:3615 R2:3670
MCX Copper November :- As expected we saw a test of 236 levels . Further downside to 227 or even lower 207 levels looks likely.Only a rise above 249 to reinforce bullish expectations. S1: 228 S2:223 R1:238 R2:243
MCX Zinc Oct: Moved as expected. Expect bearishness to continue for a test of 61.0 levels now as long as 66.0 levels resist .Only arise above 66.75 would cast a doubt on this view. S1: 62.75 S2: 61.35 R1: 65.85 R2: 67.10
MCX Lead Oct: Expect bearishness to continue for a test of 70.5 levels now as long as 75.60 levels resist .Only a rise above 76.15 would cast a doubt on this view. S1: 72.45 S2: 71.05 R1: 74.55 R2: 75.65
MCX Nickel Oct: Expect bearishness to continue for a test of 565 levels or even lower towards 540 now as long as 605 levels resistOnly arise above 615 would cast a doubt on this view.S1: 570 S2: 558 R1: 596 R2: 612
MCX Silver December: As expected we saw a fall towards 18125.Resistance at 18656 followed by 19010 now.Rise above 19365 to cast doubts on our bearish expectations. S1:18100 S2:17850 R1:18450 R2:18785
MCX Crude Oil :-Rise above 3690 is needed to hint at a stronger upward retracement. S1:3545 S2:3500 R1:3615 R2:3670
MCX Copper November :- As expected we saw a test of 236 levels . Further downside to 227 or even lower 207 levels looks likely.Only a rise above 249 to reinforce bullish expectations. S1: 228 S2:223 R1:238 R2:243
MCX Zinc Oct: Moved as expected. Expect bearishness to continue for a test of 61.0 levels now as long as 66.0 levels resist .Only arise above 66.75 would cast a doubt on this view. S1: 62.75 S2: 61.35 R1: 65.85 R2: 67.10
MCX Lead Oct: Expect bearishness to continue for a test of 70.5 levels now as long as 75.60 levels resist .Only a rise above 76.15 would cast a doubt on this view. S1: 72.45 S2: 71.05 R1: 74.55 R2: 75.65
MCX Nickel Oct: Expect bearishness to continue for a test of 565 levels or even lower towards 540 now as long as 605 levels resistOnly arise above 615 would cast a doubt on this view.S1: 570 S2: 558 R1: 596 R2: 612
Wednesday, October 15, 2008
VIEWS FOR 15th OCTOBER 2008
MCX Gold (December): The 12696-13580 range is active now. Favored view expects the lower side of the range to be broken followed by a test of 11844 or even lower.S1:13000 S2:12945 R1:13145 R2:13220
MCX Silver December: Favored view expects a test of 19890 as long as 18090 holds.S1:18350 S2:18120 R1:18950 R2:19165
MCX Copper November :- Came close to testing our target and retraced from there. Important support is at 243 now below which the downtrend could find more momentum. Structure however favor an upside towards 281 or even higher towards 299 as long as 235/237 holds.S1: 245 S2:239 R1:258 R2:264
MCX Crude Oil October: The decline could find supports near 3727/3713 for one more corrective rise towards 4073 or 4121.Fall below 3713 would increase the chances of further decline towards 3645/3650.S1:3712 S2:3645 R1:3895 R2:3955
MCX Zinc Oct: As long as 69.7-70.6 levels resist , expect prices to move lower towards 66.4 or even 64.0 levels.Only a rise above 71.0 levels will bring in bullishness. S1: 66.75 S2: 65.35 R1: 68.85 R2: 70.10
MCX Lead Oct: Expect bullishness to continue for a test of 80.70 or even 81.65 levels as long as 76.45 levels hold support .Only a fall below 75.6 would negate this bullish view.S1: 76.15 S2: 75.0 R1: 78.15 R2: 79.55
MCX Natural Gas Oct: Only a break of the range 317-331 would decide the next directive move.S1: 316 S:310 R1:332 R2: 345
MCX Silver December: Favored view expects a test of 19890 as long as 18090 holds.S1:18350 S2:18120 R1:18950 R2:19165
MCX Copper November :- Came close to testing our target and retraced from there. Important support is at 243 now below which the downtrend could find more momentum. Structure however favor an upside towards 281 or even higher towards 299 as long as 235/237 holds.S1: 245 S2:239 R1:258 R2:264
MCX Crude Oil October: The decline could find supports near 3727/3713 for one more corrective rise towards 4073 or 4121.Fall below 3713 would increase the chances of further decline towards 3645/3650.S1:3712 S2:3645 R1:3895 R2:3955
MCX Zinc Oct: As long as 69.7-70.6 levels resist , expect prices to move lower towards 66.4 or even 64.0 levels.Only a rise above 71.0 levels will bring in bullishness. S1: 66.75 S2: 65.35 R1: 68.85 R2: 70.10
MCX Lead Oct: Expect bullishness to continue for a test of 80.70 or even 81.65 levels as long as 76.45 levels hold support .Only a fall below 75.6 would negate this bullish view.S1: 76.15 S2: 75.0 R1: 78.15 R2: 79.55
MCX Natural Gas Oct: Only a break of the range 317-331 would decide the next directive move.S1: 316 S:310 R1:332 R2: 345
Tuesday, October 14, 2008
VIEW FOR 14TH OCTOBER 2008
MCX Gold (December): The 12778-13666 range is active now. Favored view expects the lower side of the range to be broken followed by a test of 11921 or even lower.S1:13165 S2:13100 R1:13300 R2:13385.
MCX Silver December: Favored view expects a test of 20345 as long as 18503 holds.S1:19000 S2:18775 R1:19325 R2:19560
MCX Copper November :- The pullback could extend towards 278 levels where it could find good resistance.Supports are at 257 now. Fall below 250 could dent our bullish expectations.S1: 260 S2:256 R1:266 R2:273
MCX Crude Oil October: Supports are near 4008 $ 3955. Favoured view is bullish for a rally towards 4088 or most probably 4138.It has to fall below 3877 to suggest failure of this view.S1:3985 S2:3920 R1:4100 R2:4165
MCX Zinc Oct: As long as 70.0-69.15 levels support, expect prices to move higher towards 72.45 levels or even 75.35 .Only a fall below 68.75 would negate this bullish view. S1: 68.75 S2: 67.35 R1: 72.85 R2: 74.0
MCX Lead Oct: As long as 75.1-74.15 levels support, expect prices to move higher towards 78.05 or even towards 80.0.Only a fall below 74.0 would negate this bullish view.S1: 75.15 S2: 74.0 R1: 77.15 R2: 78.55
MCX Nickel Oct: As long as 600 levels support, expect prices to move higher towards 665 or even towards 687.Only a fall below 588 would negate this bullish view.S1: 605 S2: 585 R1: 638 R2: 655
MCX Silver December: Favored view expects a test of 20345 as long as 18503 holds.S1:19000 S2:18775 R1:19325 R2:19560
MCX Copper November :- The pullback could extend towards 278 levels where it could find good resistance.Supports are at 257 now. Fall below 250 could dent our bullish expectations.S1: 260 S2:256 R1:266 R2:273
MCX Crude Oil October: Supports are near 4008 $ 3955. Favoured view is bullish for a rally towards 4088 or most probably 4138.It has to fall below 3877 to suggest failure of this view.S1:3985 S2:3920 R1:4100 R2:4165
MCX Zinc Oct: As long as 70.0-69.15 levels support, expect prices to move higher towards 72.45 levels or even 75.35 .Only a fall below 68.75 would negate this bullish view. S1: 68.75 S2: 67.35 R1: 72.85 R2: 74.0
MCX Lead Oct: As long as 75.1-74.15 levels support, expect prices to move higher towards 78.05 or even towards 80.0.Only a fall below 74.0 would negate this bullish view.S1: 75.15 S2: 74.0 R1: 77.15 R2: 78.55
MCX Nickel Oct: As long as 600 levels support, expect prices to move higher towards 665 or even towards 687.Only a fall below 588 would negate this bullish view.S1: 605 S2: 585 R1: 638 R2: 655
Monday, October 13, 2008
VIEWS FOR 13th OCTOBER to 18th OCTOBER
MCX Gold (December) : Favored view expects 13885/13964 to resist and price to fall again towards 13095 levels. crucial support is at 12969 and a daily close below this level could open the way for 11597 lows. Only a rise above 14170 could force us to abandon our bearish view now.S1:13610 S2:13545 R1:13785 R2:13850
MCX Silver (December): Chances of a good pullback evident is silver futures. Resistance will be seen at 20921 followed by 21871. Fell in the bigger picture resistance to cap for one more decline towards 17354. S1:19850 S2:19500 R1:20385 R2:20750.
MCX Crude Oil (October): Favored view expects that price could stay above 3970 or 3920 for further advance towards 4070 or 4045. Fall below 3913 would hint at weakness and suggest that price could fall further towards 3843 or even 3800. S1:3880 S2:3820 R1:3990 R2:4050
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MCX Silver (December): Chances of a good pullback evident is silver futures. Resistance will be seen at 20921 followed by 21871. Fell in the bigger picture resistance to cap for one more decline towards 17354. S1:19850 S2:19500 R1:20385 R2:20750.
MCX Crude Oil (October): Favored view expects that price could stay above 3970 or 3920 for further advance towards 4070 or 4045. Fall below 3913 would hint at weakness and suggest that price could fall further towards 3843 or even 3800. S1:3880 S2:3820 R1:3990 R2:4050
FOR LIVE CALLS :: ADD OUR YAHOO ID :: akshit_riya@yahoo.co.in
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