MCX Gold June: As expected prices fell lower in line with our expectations. Resistance will be seen at 15195/15210 levels now. Prices are expected to edge lower towards
14885 or even lower as long as resistances cap.S1: 15010 S2: 14885 R1: 15200 R2: 15305
MCX Silver May: Resistance are at 22135 followed by 22455 now. Favored view expects Resistance to cap for a decline towards 21425 or even lower.Unexpected rise above
22472 to cause doubts on our bearish outlook.S1: 21850 S2: 21550 R1: 22475 R2: 22800
MCX Copper April: Resistance will be seen at 205/206 now. Ideally, this Resistance to cap for a test of 196/197. This is our favored view.Daily close above 210/211 could force
us to abandon our bearish view. Such a rise could take prices higher towards 222 levels.S1:199 S2:196 R1:205 R2:210
MCX Crude Oil April : Resistances are at 2555, 2595 followed by 2705. Break of important trend line at 2525 has dented our bullish expectations.Resistances to cap for a decline
towards 2420. However, prices structures, favor a gradual rise from yesterday's lows towards 2664 for the day as long as 2490 holds.S1: 2476 S2: 2400 R1: 2555 R2: 2600
MCX Nickel April: Support is seen at 483/484 levels. Unable to hold this support can take prices to 474 levels.Upmoves beyond 498 may negate our bearish view.
S1: 483 S2: 479 R1: 492 R2: 498
MCX Zinc April: Strong Prices are likely to move down and find support at 64.9/65.0 levels.Direct rise above 67.4 may negate our bearish view.S1: 66.0 S2: 64.9 R1: 67.4 R2: 68.35


GOLDspot: Last 919
At the end of an intense choppy day, prices still closed below 935, suggesting that the spikes
yesterday was unable to shrug off the bearish bias, which now targets 888 and 861. Such
moves, however are unlikely to gain momentum if 904 holds, but the ability of 924 to hold
upsides gains in the morning session would be crucial in setting a bearish overtone at the
start itself.
Trading Strategies: Sell at 923, Sell below 904. Buy at 888. Sell below 880, Buy at 860. Buy
above 923, Buy above 935. Sell at 939 & 943. Buy above 945, Buy above 951. Sell at 967.
Free moves above 970 towards 1006

Comex Copper. Last 1.80
Bargain hunting expected initially. Can evolve into a
strong rally if 1.82 gives away. Japanese Govt is expected
to announce a new stimulus package. Latest data shows
Japanese unemployment rate rising to a 3 year high


Nymex Crude: 49.2
Even though broad bearish bias still prevails, falls today
are unlikely to materialize unless 48.4 gives away.
Favoured view expects bargained hunting towards 50.2,
but is unlikely to evolve into rallies as long as 51.2-51.7
resists.
The trend is down.
Sell on rise to Rs. 15155 – Rs. 15281 with stop loss of Rs. 15333.
Expect a fall towards Rs 14996 – Rs. 14870.
On sustain fall, prices could touch lower trend-line of channel at 14390 level in coming sessions.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 15281 and when it falls below Rs. 15281 then sell with whatever high registered above Rs. 15281 as a stop loss. Subsequently, book profits at Rs. 15155 – Rs. 14996 range or below.
SILVER MCX:The trend has turned down.
Ideally, exit all earlier long positions at market price and on rise to Rs. 22076 – Rs. 22299 or above as the opportunity arises.
Re-enter long only on rise and close above Rs. 22936.
As the trend is down, to minimize risk, intra-day traders can wait for a rise above Rs. 22299 and when it falls below Rs. 22299 then sell with whatever high registered above Rs. 22299 as a stop loss. Subsequently, book profits at Rs. 22076 – Rs. 21801 range or below.
GOLD MCX JUNE: