VIEWS FOR 15-01-2009

MCX Gold Feb: As expected failure to cross 13134 led to a fall. The fall could extend lower towards 12534.5 levels ideally. Resistances are at 12867 followed by 13000.S1: 12785 S2: 12710 R1: 12925 R2: 13000

MCX Silver Mar: Failure to rise past 18204/18288 is a bearish sign. The fall is expected to extend towards 16851/16858 levels now as long as resistances at 17903 and 18204 caps the upside. S1:17300 S2:17050 R1:17800 R2:18120

MCX Copper February: Has bounced back reinforcing bullish hopes.Direct rise above 175.0 to test 191.0 levels again. Supports are at 162.0 followed by 156.0.S1: 158 S2:154 R1: 165 R2:169

MCX Crude Oil Feb : Initially we could see prices rising towards resistance levels at 2188 -2205 from there prices could turn back lower towards 1948 -1925. A rise above 2273 to negate this bearish view. S1: 2100 S2: 2045 R1: 2200 R2: 2255

MCX Zinc Jan: - Expect Rallies to 62.25/62.45 to find resistance for a move lower towards 58.25 or even lower towards 57.65 levels. Only a rise above 63.35 to negate this bearish view. S1: 60.00 S2: 58.95 R1: 62.05 R2: 63.10

MCX Lead Jan: Expect Rallies to 57.05/57.65 to find resistance for a move lower towards 52.25. Only a rise above 58.00 to negate this bearish view.S1: 54.65 S2: 53.45 R1: 56.45 R2: 57.55

MCX Natural Gas Jan: - Expect Rallies to 253.0/256.0 to find resistance for a move lower towards 235.0 or even lower towards 230.0 levels. Only a rise above 257.0 to negate this bearish view. S1: 239 S2: 234 R1:251 R2: 257