MCX Gold April: A corrective dip to 14513 or even lower towards 14404 to occur before the rally resumes towards 15121 levels. Fall below 14388 to cause doubts about this view. S1: 14610 S2: 14580 R1: 14675 R2: 14715
MCX Silver Mar: Important support at 21273 followed by 21051 now. Rally is expected to resume higher towards 22932/23002 levels. Direct fall below 20718 to dash our bullish hopes. S1: 21200 S2: 21050 R1: 21450 R2: 21570
MCX Copper February: Important support is at 159.8 now below, which could open the way for, 148 or even lower. Only a direct rise above 177 to re-in force bullish hopes.
S1: 165 S2: 161 R1: 170 R2: 174
MCX Crude Oil March : Favoured view expects that resistance at 2369/2420 could cap for a fall towards 2203. Rise above 2430 is needed to think about a stronger recovery.
S1: 2064 S2: 2024 R1: 2125 R2: 2149
MCX Zinc Feb: - Weakness in the price may persist until level 56.5 is crossed. Support is seen at 55 level which breached can take prices to 55.0. S1: 55.0 S2: 54.6 R1: 55.91 R2: 56.5
MCX Lead Feb: Price likely to stay weak for the session and test supports at 56.15-55.65 on the downside. However a break above 56.71 could once again take price towards strong resistance at 57.40 levels. S1: 55.34 S2: 54.50 R1: 56.71 R2: 57.40
MCX Nickel Feb: Free fall of Nickel may get support at 490-500 level. Rallies if any likely to capped below 515 for move towards 470 level..S1: 492 S2: 481 R1: 515 R2: 530
MCX Natural Gas Feb: - Prices are likely to stay weak and find strong support at 216-210 levels.Rally beyond 236 may negate this bearish view. S1: 216 S2: 208 R1: 228 R2: 233
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