VIEW FOR 17TH OCTOBER 2008

MCX Gold (December): Moved as per expectations. Pullback expected for the day towards 13055-13086 or even higher towards 13229.Favored view still expects a fall towards 12055 levels as long as these resistances cap . Caution to be exercised for shorts on the break of 13515.S1: 12700 S2:12635 R1: 12850 R2: 12935

MCX Silver December: As expected we saw a fall towards 17000. Showing some signs of pullback today.Resistance at 18082 followed by 18622 .Favored view expects resistance to cap for a fall towards 15347 .Unexpected rise above 18712 to cast doubts on this bearish view.S1:17120 S2:16850 R1:17550 R2:17800

MCX Copper November :- Resistance at 257.1 expected to cap for a decline towards 226 or even lower .. However a move above 263-264 should hint at the extension towards 290. S1: 226 S2: 221 R1: 236 R2:241

MCX Crude Oil November : Corrective rise towards 3702/3737 region is favored. Supports are at 3578, 3538 $ 3523.correction before next decline towards 3230.It has to fall below 3463 to hint at the possibility of failure of this expectation. The expected rally would be treated as a minor S1:3435 S2:3375 R1:3585 R2:3665

MCX Zinc Oct: Oversold conditions indicate a bounce from yesterdayAcA?A¿s lows. As long as 57.85-58.2 levels support expect corrective rallies to 62.0 or even 63.7 levels. Fall below 57.8 would confirm resumption of the bearish trend. S1: 58.0 S2: 56.85 R1: 60.0 R2: 61.3

MCX Lead Oct: Expect corrective rallies to test 71.3 or even 73.10 levels as long as 68.0 levels support . Fall below 67.3 would lead to further decline.S1: 68.0 S2: 67.10 R1: 70.0 R2: 71.20

MCX Nickel Oct: Expect corrective rallies to test 571 or even 595 levels as long as 545 levels support .However a fall below 545 would hint at further weakness in prices. S1: 545 S2: 530 R1: 568 R2: 591

MCX Natural Gas Oct: As long as 329-325 levels hold support expect prices to rally towards 349 levels . Fall below 322 to dent our bullish expectations.S1: 327 S2: 321 R1:341 R2: 349

VIEWS FOR 16th OCTOBER 2008

MCX Gold (December): Favored view expects a fall towards 12853 levels or even lower. A bearish consolidation is in progress and as long as 13682 caps upside attempts , we can see a fall below 12853 levels.S1:13265 S2:13200 R1:13385 R2:13455

MCX Silver December: As expected we saw a fall towards 18125.Resistance at 18656 followed by 19010 now.Rise above 19365 to cast doubts on our bearish expectations. S1:18100 S2:17850 R1:18450 R2:18785

MCX Crude Oil :-Rise above 3690 is needed to hint at a stronger upward retracement. S1:3545 S2:3500 R1:3615 R2:3670

MCX Copper November :- As expected we saw a test of 236 levels . Further downside to 227 or even lower 207 levels looks likely.Only a rise above 249 to reinforce bullish expectations. S1: 228 S2:223 R1:238 R2:243

MCX Zinc Oct: Moved as expected. Expect bearishness to continue for a test of 61.0 levels now as long as 66.0 levels resist .Only arise above 66.75 would cast a doubt on this view. S1: 62.75 S2: 61.35 R1: 65.85 R2: 67.10

MCX Lead Oct: Expect bearishness to continue for a test of 70.5 levels now as long as 75.60 levels resist .Only a rise above 76.15 would cast a doubt on this view. S1: 72.45 S2: 71.05 R1: 74.55 R2: 75.65

MCX Nickel Oct: Expect bearishness to continue for a test of 565 levels or even lower towards 540 now as long as 605 levels resistOnly arise above 615 would cast a doubt on this view.S1: 570 S2: 558 R1: 596 R2: 612

VIEWS FOR 15th OCTOBER 2008

MCX Gold (December): The 12696-13580 range is active now. Favored view expects the lower side of the range to be broken followed by a test of 11844 or even lower.S1:13000 S2:12945 R1:13145 R2:13220

MCX Silver December: Favored view expects a test of 19890 as long as 18090 holds.S1:18350 S2:18120 R1:18950 R2:19165

MCX Copper November :- Came close to testing our target and retraced from there. Important support is at 243 now below which the downtrend could find more momentum. Structure however favor an upside towards 281 or even higher towards 299 as long as 235/237 holds.S1: 245 S2:239 R1:258 R2:264

MCX Crude Oil October: The decline could find supports near 3727/3713 for one more corrective rise towards 4073 or 4121.Fall below 3713 would increase the chances of further decline towards 3645/3650.S1:3712 S2:3645 R1:3895 R2:3955

MCX Zinc Oct: As long as 69.7-70.6 levels resist , expect prices to move lower towards 66.4 or even 64.0 levels.Only a rise above 71.0 levels will bring in bullishness. S1: 66.75 S2: 65.35 R1: 68.85 R2: 70.10

MCX Lead Oct: Expect bullishness to continue for a test of 80.70 or even 81.65 levels as long as 76.45 levels hold support .Only a fall below 75.6 would negate this bullish view.S1: 76.15 S2: 75.0 R1: 78.15 R2: 79.55

MCX Natural Gas Oct: Only a break of the range 317-331 would decide the next directive move.S1: 316 S:310 R1:332 R2: 345

VIEW FOR 14TH OCTOBER 2008

MCX Gold (December): The 12778-13666 range is active now. Favored view expects the lower side of the range to be broken followed by a test of 11921 or even lower.S1:13165 S2:13100 R1:13300 R2:13385.

MCX Silver December: Favored view expects a test of 20345 as long as 18503 holds.S1:19000 S2:18775 R1:19325 R2:19560

MCX Copper November :- The pullback could extend towards 278 levels where it could find good resistance.Supports are at 257 now. Fall below 250 could dent our bullish expectations.S1: 260 S2:256 R1:266 R2:273

MCX Crude Oil October: Supports are near 4008 $ 3955. Favoured view is bullish for a rally towards 4088 or most probably 4138.It has to fall below 3877 to suggest failure of this view.S1:3985 S2:3920 R1:4100 R2:4165

MCX Zinc Oct: As long as 70.0-69.15 levels support, expect prices to move higher towards 72.45 levels or even 75.35 .Only a fall below 68.75 would negate this bullish view. S1: 68.75 S2: 67.35 R1: 72.85 R2: 74.0

MCX Lead Oct: As long as 75.1-74.15 levels support, expect prices to move higher towards 78.05 or even towards 80.0.Only a fall below 74.0 would negate this bullish view.S1: 75.15 S2: 74.0 R1: 77.15 R2: 78.55

MCX Nickel Oct: As long as 600 levels support, expect prices to move higher towards 665 or even towards 687.Only a fall below 588 would negate this bullish view.S1: 605 S2: 585 R1: 638 R2: 655

VIEWS FOR 13th OCTOBER to 18th OCTOBER

MCX Gold (December) : Favored view expects 13885/13964 to resist and price to fall again towards 13095 levels. crucial support is at 12969 and a daily close below this level could open the way for 11597 lows. Only a rise above 14170 could force us to abandon our bearish view now.S1:13610 S2:13545 R1:13785 R2:13850

MCX Silver (December): Chances of a good pullback evident is silver futures. Resistance will be seen at 20921 followed by 21871. Fell in the bigger picture resistance to cap for one more decline towards 17354. S1:19850 S2:19500 R1:20385 R2:20750.

MCX Crude Oil (October): Favored view expects that price could stay above 3970 or 3920 for further advance towards 4070 or 4045. Fall below 3913 would hint at weakness and suggest that price could fall further towards 3843 or even 3800. S1:3880 S2:3820 R1:3990 R2:4050

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VIEWS FOR OCTOBER 10th, 2008

MCX Gold (December): Despite yesterday's volatility looks set for a break of 14333 and testing 14750 or even higher.Supports are at 13980 followed by 13872. Fall below 13975 to dent our bullish view.S1: 14000 S2: 13925 R1:14195 R2:14300

MCX Crude Oil October: Resistance at 4069 followed by 4117. Price could fall further towards 3969 or 3938.Rise past 4207 is needed to suggest further corrective rise towards 4243.S1: 3925 S2:3845 R1:4045 R2:4110

MCX Copper November :- Has met some of the medium term targets. Indicators in oversold conditions warn of a pullback. Fall towards 227 levels look likely.Can look for a potential short-term bounce higher from here.S1: 235.0 S2: 233.0 R1: 239.5 R2: 242.4

MCX Natural Gas Oct: A break of the broad range 317- 333 will decide the next directive move however the bias still remains on the downside.S1: 323 S:315 R1:338 R2: 346

MCX Lead Oct: A break below 77.85 levels would be a bearish sign and may take prices lower towards 75.25 or even 74.10 levels.Resistances now at 81.0 levels.Resistances now at 72.8-73.95 levels.A rise above 74.0 is needed to negate this bearish view. S1: 71.05 S2: 69.85 R1:73.5 R2: 74.85

MCX Nickel Oct: A break below 625 levels would be a bearish sign and may take prices lower towards 595 or even 570 levels. Resistances now at 635 levels A rise above 641 is needed to negate this bearish view.S1: 595 S2: 575 R1: 641 R2: 658

VIEWS FOR 8TH OCTOBER, 2008

MCX Gold (December): Ideally support should be seen at 13330/13345 levels now followed by 13207. Favored view now expects supports to hold for a test of 13711or even higher. Fall below 13085 to dent our bullish hopes.S1: 13425 S2: 13330 R1:13610 R2:13700

MCX Silver December: Could see a corrective bounce towards 20650 or even higher towards 21084. Supports are at 18915 followed by 18580 now.Fall below 18530 is expected to take prices lower towards 17235.S1: 19100 S2:18900 R1:19485 R2: 19635

MCX Crude Oil October: Downside target is at 4066 but there is a good chance for the price to stay above 4283 or maximum 4225 and rise in correction towards4440 or even 4480. Ideally next decline should commence after this correction. This is the favored scenario.Rise beyond 4492 could hint at further advance towards 4598.S1: 4185 S2:4125 R1:4307 R2:4368

MCX Copper Nov: Resistance to cap for a decline towards 237.S1: 267.5 S2: 264.0 R1: 273.5 R2: 277.4

MCX Zinc Oct: As long as 73.45-72.85 levels support , expect corrective rallies towards 76.7 or even 78.0 levels .However a fall below 72.30 would negate this bullish view. S1: 73.4 S2: 72.2 R1:75.6 R2: 76.7

MCX Nickel Oct: As long as 680 levels support , expect prices to edge higher towards resistance levels at 715- 725 levels .. However a direct fall below 675 would negate the bullish view.S1: 670 S2: 655 R1: 695 R2: 715

MCX Natural Gas Oct: Expect bearishness to continue for the test of 314 or even 301 levels as long as 340 levels resist.S1: 320 S:312 R1:347 R2: 359

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VIEW FOR 7TH OCTOBER 2008

MCX Gold (December): Prices are consolidating in a broad range of 12672 and 13440 as of now. Supports are at 13056/13117 which could hold for a rise towards 13594/13640 , break below 12918 would negate this bullish view.S1: 13285 S2: 13215 R1:13395 R2:13465

MCX Silver December: Prices are moving in a broad range of 18635 and 19656 as of now. As long as 19571/19656 resist expect a move lower towards 18635 followed by 18465. Direct break above 19656 could see prices testing 19996/20085 which are also strong resistance levels.S1: 18900 S2:18720 R1:19300 R2: 19545

MCX Copper November :- Expect dips to find support at 259.2/261.3 for a move higher towards 277.5/280.7, break below 253.8 would negate this bullish view.S1: 263.5 S2: 259.0 R1: 269.5 R2: 273.4

MCX Crude Oil October: Mild bullish indications suggest that there could be a brief phase of upward correction towards 4382/4392, 4462 or maximum 4490.A down turn is expected to occur at any of these levels with some peaking signs. Next decline could attempt 4111 or 4063. S1: 4255 S2:4185 R1:4365 R2:4415

MCX Zinc Oct: As long as 72.8-71.45 levels support , expect corrective rallies towards 76.7-78.0 levels . However a fall below 71.35 would negate this bullish view. S1: 72.75 S2: 71.60 R1:75.0 R2: 76.15

MCX Lead Oct: As long as 77.35-75.45 levels support , expect prices to stay firm and test resistance levels at 82.7 or even 84.0 levels from here. A fall below 77.0 would negate this bullish view.S1: 77.35 S2: 76.25 R1: 79.65 R2: 80.85

MCX Nickel Oct: As long as 715-725 levels resist , expect the downslide to continue towards 664-648 levels . However a rise above 730 would negate this bearish view.S1: 670 S2: 655 R1: 695 R2: 715

MCX Natural Gas Oct: Structure looks and bearish and set to touch 325 or even 315 levels as long as 350 levels resist. A rise above 355 would negate this bearish view.S1: 328 S:320 R1:343 R2: 351

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VIEW FOR THE WEEK FROM 6TH OCTOBER TO 11TH OCTOBER

MCX Gold (December): Favoured view expects a decline towards 12382 or even 12055. Corrective up ticks could be capped near 12953/13091 area.. It needs to rise past 13300 to change this bearish outlook. There are no signs as of now that suggest that price could rise past 13300.S1: 12785 S2: 12715 R1:12895 R2:12955.

MCX Silver December: Favoured view expects a decline towards 17401 or 17102 while resistance near 19645/20008 would cap bullish reactionsIt needs to rise past 20074 to give up this bearish expectation as the price could start strengthening towards 20423 or 21004 then.S1: 18900 S2:18650 R1:19220 R2: 19500

MCX Crude Oil October: Structure shows a potential for a fall towards 4253 or 4220. Resistance points near 4352 & 4400. It has to rise past 4423 to cause doubts about this bearish view as such a rise could lead it higher towards 4511. Bullish divergence in hourly oscillators suggests that there could a rise initially while above 4300.S1: 4376 S2:4324 R1:4465 R2:4500

MCX Copper November :- Minor bottoming signs at 265.0 levels our anticipated long-term target. We can expect a pullback towards 286.6/287.6 levels or even higher towards 300.3. However, fall below 268.7 could open the downside again towards 250.7/252.9 levels.S1: 273.5 S2: 268.3 R1: 281.6 R2: 285.4

MCX Zinc Oct: As long as 73.8-73.2 levels support , expect corrective rallies towards 76.7-78.0 levels . However a fall below 73.0 would negate this bullish view. S1: 73.8 S2: 72.6 R1:76.15 R2: 77.25

MCX Lead Oct: As long as 79.8-79.0 levels support , expect prices to stay firm and test resistance levels at 82.7 or even 84.0 levels from hereA fall below 79.5 would negate this bullish view.S1: 80.3 S2: 79.15 R1: 82.65 R2: 83.85

MCX Nickel Oct: As long as 710-715 levels support , expect corrective rallies towards 745-755 levels .However a fall below 710 would negate this bullish view.S1: 715 S2: 703 R1: 738 R2: 752

MCX Natural Gas Oct: Structure looks and bearish and set to touch 336 or even 322 levels as long as 361-369 levels resist.A rise above 370 would negate this bearish view.S1: 338 S:330 R1:354 R2: 363

VIEWS FOR 1st OCTOBER, 2008

MCX Gold (December): Expect prices to find resistance towards 13600/13660 for a possible fall lower towards 12872/12841, however direct break above 13842 would negate this bearish view.S1: 13220 S2: 13175 R1:13335 R2:13378

MCX Silver December: Expect corrective rallies to find resistance at 20722/20805 for a move lower towards 19480 followed by 19231; break above 21720 would negate this bearish view.S1: 19950 S2:19800 R1:20250 R2: 20425

MCX Copper November :- As long as prices stay above 296.4 it could go towards 312/316 levels, which are strong resistance levels, direct break below 296.7 could see prices testing 291 followed by 288. S1: 299.9 S2: 296.4 R1: 305.0 R2: 308.5

MCX Crude Oil October: Push above 4859 would be a bullish sign and could lead the price towards 4904/4928. Supports are near 4762 & 4740. Fall below 4707 is needed to lessen the scope for this rally. Such a fall could open the way for test of supports near 4622 initially. Favoured view expects a rise while above 4702.S1: 4694 S2:4645 R1:4795 R2:4845

MCX Zinc Oct: As long as 81.4-82.5 levels resist, expect prices to move lower towards 77.5 or even 75.0 levels . However a rise above 83.50 would negate this bearish view.S1: 78.8 S2: 77.6 R1:80.8 R2: 81.7

MCX Lead Oct: As long as 88.5-89.5 levels resist , expect prices to fall towards 81.0 levels or even lower towards 79.0 levels.However a rise above 90.80 would negate this bearish view.S1: 86.2 S2: 85.3 R1: 88.35 R2: 89.5

MCX Nickel Oct: Corrective Rallies are expected to find resistance in the 778-785 region for a move lower towards 730 or even 715 levels. A rise above 792 would negate this bearish view.S1: 730 S2: 718 R1: 753 R2: 768

MCX Natural Gas Oct: Expect up moves to find resistance in the 365-370 region for a move lower towards 340 levels . A rise above 376 would negate this bearish view.S1: 345 S:335 R1:363 R2: 372

VIEWS FOR 30th SEPTEMBER

MCX Gold (October): In line with our expectations. Dips to 13530/13485 to support for a break of 13940 and a possible test of 14550/14580 now. Fall below 13304 could dampen the bullish expectation.S1: 13400 S2:13350 R1:13500 R2: 13555

MCX Silver December: As expected a break below 20800 sent silver futures falling lower. Important resistance is at 21600/21650 and move above this level could induce bullish hopes for a 24090.S1: 20790 S2: 20595 R1: 21060 R2: 21200

MCX Copper November: As expected, we saw a huge fall in copper coming to our target levels at 297.20. Indicators warn of a pullback but possibilities of a further fall towards 279 looks likely. Any pullbacks could find strong resistance at 310/313 levels now.S1: 299 S2: 296 R1: 307 R2: 311.50

MCX Crude Oil October: While above 4498 a corrective rise towards 4600or 4650 is anticipated. Ideally the correction should end without crossing above 4700. Next decline could target levels like 4330/4252. Rise past 4700 could suggest that a stronger bullish reaction is evolving.S1: 4580 S2: 4530 R1: 4680 R2: 4725

MCX Zinc Oct: As long as 80.9-81.5 levels resist, expect prices to move lower towards 77.5 levels or even lower. However a rise above 83.30 would negate this bearish view. S1: 78.4 S2: 77.00 R1:81.50 R2: 83.10

MCX Lead Oct: As long as 87.5.5-88.5 levels resist , expect prices to fall towards 82.60 levels or even lower. However a rise above 90.80 would negate this bearish view.S1: 84.10 S2: 82.90 R1: 87.10 R2: 88.50

MCX Nickel Oct: Rallies to 790/794 could cap the upside for a fall towards 750 followed by 745 levels.It needs to rise above 804 to give up this bearish expectation.S1: 771 S2: 761 R1: 790 R2: 800

MCX Natural Gas Oct: Rallies to 350/352 could cap the upside for a fall towards 332/333 followed by 330 levels. It needs to rise above 356 to give up this bearish expectation.S1: 340 S2:336 R1:348 R2: 353

VIEWS FOR 26.09.2008

MCX SILVER :: Support is crucial at 20295 now. Favored view expects the 20185/20295 to hold for atest of 23380 in the coming sessions. Fall below 19950 to change the picture to bearish. Support: 20505, (20238 bearish), 20008, 19812. Resistance: 20860, 21060, (21385 bullish), 21546.

MCX CRUDE:: Favoured view expects a rise towards 5142 or more probably 5190. Supports are at 4890 & 4860. Break above channel resistance at 5018 should encourage bullish expectation. Bullish view would weaken if price drops below 4758. Support: 4889, (4850 bearish), 4801, 4752. Resistance: 4970, (5026 bullish), 5087, 5127.

MCX GOLD :: As expected in a consolidation mode. 12725-13445 is the broad range now. Only a fall below 12700 could turn the picture bearish. Favored view expects a rally towards 4195levels as long as 12700/12725 holds. Support: 12874, (12836 bearish), 12785, and 12725 Resistance: 12942, 12990, (13038 bullish), 13084.

MCX COPPER :: Resistances will be seen at 321 followed by 324. Direct rise above 326.50 could induce bullish hopes again for a test of 339 levels. However, favored view expects a fall towards 291 levels as long as 324/326.50 caps upside attempts. Support: 315, (312 bearish), 310.25, 308. Resistance: 318.70, 321, (323 bullish), 326.

VIEWS FOR 17.09.2008

MCX CRUDE :: Prices could attempt 4463 / 4473. It has to push above 4480 to stay bullish for
further advance towards 4517 or even 4555. Supports are at 4380 & 4330. Fall below 4320 is
needed to revive scope for further declines. Short-term view is bullish. The big picture is bearish
for a fall towards minimum 4102 and this rally would be treated as a corrective rally. Rise above
4592 could cause doubts about the bearish view.
Support: 4250, (4208 bearish), 4180, 4136.
Resistance: 4317, (4360 bullish), 4404, 4440.

MCX GOLD :: As long as 11871 / 11900 resist expect a move lower towards 11485 followed by
11405, however break above 11905 could see 11975 followed by 12020 levels.
Support: 11704, (11675 bearish), 11635, and 11585.
Resistance: 11790, 11828, (11865 bullish), 11907.

MCX SILVER :: As long as 18505 / 18585 resist expect a fall lower towards 17110 followed by 16605, however break above 18870 would negate this bearish view.
Support: 17790, (17660 bearish), 17450, 17210.
Resistance: 17999, 18160, (18375 bullish), 18605.

MCX COPPER :: Expect any corrective rallies to find resistance in the region of 324.70 / 326.80
for a lower towards 308.40 followed by 303 levels, however break above 331 would turn the
picture bullish.
Support: 314.50, (311.85 bearish), 309.95, 307.70.
Resistance: 319.65, 322, (324.80 bullish), 326.70.

VIEW FOR 16.09.2008

MCX Gold (October): Should consolidate in the range between 11460 and 11710 levels and rise higher towards 11780 or even higher towards 12004. This is the favored expectation. Fall below 11337 could dent our bullish expectations.S1: 11617 S2:11578 R1:11701 R2: 11748

MCX Silver December: Extremely volatile and showing bearish signs now. View unclear and suggest to be on the sidelines. Possible range is 17420 and 18600. S1: 18125, S2: 17890, R1: 18375, R2: 18605

MCX Crude Oil October: Projected downside targets are at 4260 & 4180. A bullish reaction towards 4320 / 4330 is favoured from the downside target area If it does not occur at 4260 or maximum 4180 and price keeps falling below 4160 then it would go for 4045. Resistance levels are at 4300 & 4320. Rise above 4330 is needed to indicate some corrective action.

MCX Copper November: Bearish now. Move below 308 could trigger a sell-off towards 285 levels now. Resistance is at 319.75 / 321 levels now. S1: 315 S2: 312 R1: 319.75 R2: 322

MCX Zinc Sept: AS long as 82.5-84.0 levels resist , expect prices to fall towards 79.5-78.0 levels. However a rise above 84.7 would cast doubts on this bearish view. S1: 80.2 S2: 79.0 R1: 82.5 R2: 84.0

MCX Lead Sept: AS long as 86.5-88.0 levels resist , expect prices to fall towards 83.5-81.0 levels. However rise above 88.5 would cast doubts on this bearish view. S1: 84.0 S2: 82.7 R1: 86.7 R2: 88.0

MCX Nickel Sept: Prices expected to find strong resistance in the 860-872 zone to move lower towards the 830 region.However a direct rise above 876 would cast doubts on this bearish view.S1: 832 S2: 820 R1: 858 R2: 870

MCX Natural Gas Sept: As long as 335-342 levels hold support, expect prices to move higher towards resistance levels which lie in the 365 region. A fall below 333 would negate this bullish view.S1: 337 S:326 R1:361 R2: 368

VIEW FOR THE WEEK FROM 15.09.2008 TO 21.09.2008

MCX Silver futures prices closed higher on Saturday. Support
will be seen at 17999, a break below could see a test of
17752. Resistance is now likely to be seen at 18342 a move
above could see prices testing 18605.
Trading Call :- Structure is bearish for a test of fractal support at 19228.rise above 20050 to hint at stronger recovery towards 20662/20725.Rise above 20804 could indicate a bullish reversal.
Support: 19360, (19200 bearish), 19060, 18900.
Resistance: 19660, 19810, (19960 bullish), 20100.

MCX Crude-oil futures closed higher on Saturday. Support
will be seen at 4580, a break below could see a test of
4542. Resistance is now likely 4645, a break above that
could test 4690 levels.
Trading Call: Dips could be held above 4518 or maximum 4493 for a test of 4575 levels again.
This looks like the more probable scenario. It needs to rise past 4610 to hint at a stronger
correction. Fall below 4480 would be a bearish sign hinting at further decline towards 4407 or
4344.
Support: 4580, (4542 bearish), 4500, 4450.
Resistance: 4645, (4690 bullish), 4725, 4762.

MCX Gold prices closed higher on Saturday. Support will be
seen at 11400, a break below could see a test of 11365.
Resistance is now likely to be seen at 11465, a move above
could see prices testing 11508 levels.
Trading Call: As expected, a strong pullback is in place. Can edge higher towards 11785-11815
levels now or even higher towards 11889 levels. Positive divergences also gives rise for a possible
test of 12409. Supports are at 11400 levels.
Support: 11400, (11365 bearish), 11324, and 11287
Resistance: 11465, 11508, (11542 bullish), 11593.

MCX Copper futures closed higher on Saturday. Immediate support
will be seen at 320, a break below could see a test of 317.5
levels. Resistance is now likely to be seen at 324.70 a move
above could see prices testing 326.50.
Trading Call: - Consolidation in the 317-325 range to be followed by a rise higher towards 333
or even higher towards 343 levels.
Support: 320, (317.50 bearish), 314.60, 312.00.
Resistance: 324.70, 326.50, (328.60 bullish), 331.20.