Tuesday, January 20, 2009

VIEWS FOR 20-01-2009

MCX Gold Feb: Expect supports at 12987 followed by 12909 to hold for a rally towards 13284 followed by 13378,only a break below 12752 would negate this bullish view.S1: 13000 S2: 12935 R1: 13165 R2: 13228.

MCX Silver Mar: Expect dips to find support towards 17892 followed by 17696 for a rally towards 18937 followed by 19182, break above 19215 will be a bullish sign and could see prices edging higher towards 20080/20162 levels in the coming sessions, risk for the view is at 17223.S1:18100 S2:17850 R1:18500 R2:18720

MCX Copper February: Prices are consolidating in a broad range as of now. Supports at 162.30/163.30 could hold for a rally towards 175.25 followed by 184.0, close below 160.0 will be a bearish sign.
S1: 164 S2:160 R1: 173 R2:178


MCX Crude Oil Feb : As long as 2088/2112 resist expect prices to edge lower towards 1931 followed by 1872,break above 2117 will be a bullish sign.S1: 1955 S2: 1900 R1: 2055 R2: 2100

MCX Nickel Jan: Expect dips to 528 -525 to find support for price to move higher towards 565 -571 levels.Only a fall below 521 to negate this bullish view.S1: 535 S2: 517 R1: 562 R2: 579

MCX Lead Jan: Moving in a broad trading range 58.00 55.05 . Only a break of this range will decide the next directive move.S1: 55.10 S2: 54.00 R1: 57.25 R2: 58.30

MCX Zinc Jan: - Moving in a broad trading range 62.05 59.0 . Only a break of this range will decide the next directive move.S1: 59.85 S2: 58.75 R1: 62.00 R2: 63.10

MCX Natural Gas Feb: - Expect dips to 225 227 to find support for a move higher towards 246 249 levels.Only a fall below 223 to negate this bullish view.S1: 227 S2: 223 R1: 241 R2: 247

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