VIEWS FOR 20 TH FEB

MCX Gold April: Immediate support is at 15347/15378 followed by 15236. Favored view expects these supports to hold for a rally towards 15695 or even higher. However, unexpected fall below 15236 to drag prices lower towards 14935 or even lower.S1: 15370 S2: 15173 R1: 15630 R2: 15832
MCX Silver Mar: fall below 22672 has opened the way for a corrective declines towards 21535 or even lower. Resistances are at 23000/23030 followed by 23078/23110. This is our favored view. Direct rise above 23322 to detour bearish expectation.S1: 22568 S2: 22180 R1: 23015 R2: 23402
MCX Copper February: Possible to see a corrective pullback towards 165.6 levels for the day or even higher towards 167.8. But the trend still remains weak. Only a direct rise above 173 to restore bullish hopes. S1: 157 S2: 153 R1: 160 R2: 166
MCX Crude Oil March : Moved as per expectations. Supports are at 1970 followed by 1920.We can expect a rally towards 2202/2225 as long as the supports hold.S1: 1957 S2: 1898 R1: 2010 R2: 2085
MCX Zinc Feb: - Up rally beyond 55.25 may take prices to 56.00 level. Move below 54.9 will negate this bullish view.S1: 55.0 S2: 54.55 R1: 55.45 R2: 56.00

MCX Lead Feb: Strong support is seen at 53 level. Breakdown from this level will continue price fall to at least 52.25 level. Moves beyond 54.0 can raise doubts about this bearish view. S1: 53.0 S2: 51.95 R1: 54.0 R2: 55.0
MCX Nickel Feb: Up rally beyond 495 may take prices to 505 level . However a break of supports at 490 may take prices to 484 level and negate our bullish view.S1: 490 S2: 484 R1: 495 R2: 505
MCX Mentha Oil Feb: - While below 510/511 prices could stay under pressure and move lower to test support at 502.A break of 502 could see further weakness towards 494 levels. However a rise above 511 could see prices correct towards resistance at 520 levels. S1:502 S2:497 R1:507.5 R2:511
(In $): Comex Gold April: - Immediate support is at 968/70 followed by 961. Favored view expects these supports to hold for a rally towards 990 or even higher. However, unexpected fall below 961 to drag prices lower towards 942 or even lower

(In $):NYMEX Crude April: - Moved as per expectations. Supports are at 38.95 followed by 37.93. We can expect a rally towards 43.50/95 as long as the supports hold.

(In $):Comex Silver March: - fall below 13.98 has opened the way for a corrective declines towards 13.25 or even lower. Resistances are at 14.15/17 followed by 14.20/22. This is our favored view. Direct rise above 14.35 to detour bearish expectation.