VIEWS FOR 27th JANUARY 2009

MCX Gold Feb: Ideally, dips to 14025/14057 to find support and rise higher towards 14732/14763 levels.However, unexpected fall below 13947 to lead into a corrective rally towards 13711 levels.
S1: 13975 S2: 13900 R1: 14150 R2: 14225

MCX Silver Mar: Supports are at 19214 followed by 18972 for a target of 20118/20166 .Unexpected fall below 18956 to lead to a corrective fall towards 18149 levels.S1:19000 S2:18750 R1:19500 R2:19785

MCX Copper February: Supports are at 166.1 followed by 161.85. Ideally, a test of 189 looks likely as long as the support level holds.S1: 157 S2:154 R1: 165 R2:171

MCX Crude Oil Feb : The structure is bullish and favors a rise towards 2455 or 2490. Supports near 2251, 2219 or maximum 2201 could hold corrective dips.Dip below 2182 would caution about the possibility of a stronger decline towards 2117.S1: 2155 S2: 2100 R1: 2255 R2: 2300

MCX Zinc Jan: - Expect price to find support at 57.65 , 57.05 for a rise towards 60.0 levels.Only a move below 55.25 to raise doubts about this bullish view. S1: 56.0 S2: 55.0 R1: 57.5 R2: 58.45

MCX Lead Jan: Expect price to find support at 55.65 , 55.05 for a rise towards 59.45 levels.Only a move below 54.65 to raise doubts about this bullish view. S1: 53.00 S2: 52.00 R1: 55.25 R2: 56.30

MCX Nickel Jan: Expect price to find support at 571, 567 for a rise towards 605 levels.Only a move below 559 to raise doubts about this bullish view. S1: 565 S2: 543 R1: 587 R2: 610

MCX Natural Gas Feb: - Expect price to find support at 217 , 215 for a rise towards 239 levels.Only a move below 210 to raise doubts about this bullish view. S1: 217 S2: 209 R1: 236 R2: 247