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Gold Mini Feb/ LBMA Spot Gold

A choppy trading inside $1880-1820 levels remain in the cards initially. Breaking any of the sides would suggest fresh direction to the commodity in the near future. Anyhow, a direct drop below $1760 is a major bearish signal. MCX GoldM Feb Res: 48650 Support: 46620

Silver Mini Feb/ LBMA Spot Silver

Corrective selloffs are likely as long as prices stay below $28. Anyhow major downside turnaround point is seen at $24. Prices required to break $30 convincingly to continue bullish momentum in the counter. MCX Silver Feb: Res at Rs 71400. Sup: 65320.

Copper Feb

There are chances of recovery upticks if prices continue to hold the support of 585. An unexpected drop below the same is a bearish signal.

Nickel Feb

Weak bias may continue as long as 1308 cap further upside moves. A close above 1320 is a bullish signal.

Lead Feb

Recovery upticks are likely as long as 159 hold the downside. Strong resistance is seen at 165.

Zinc Feb

If the support of 205 remain undisturbed, recovery uptick may continue the day. An unexpected drop below 198 is a bearish signal.

Aluminium Feb

Recovery upticks are likely as long as 160 hold the downside. Major upside obstacle is seen at 165.

MCX Crude Oil Feb/NYMEX Crude Mar

While prices stay above $54 bullish outlook would continue the day. However corrective selloffs are likely only

Natural Gas Feb

There are chances of corrective selling if prices remain capped at 212. Major downside obstacle is seen at 202.

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