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Gold Mini Mar/ LBMA Spot Gold

Momentum continue to be on the weaker side as long as prices stay below $1760. Anyhow, immediate downside targets are seen at $1700 followed by $1660 levels. Immediate turnaround point is seen at $1820.

Silver Mini Apr/ LBMA Spot Silver

Expect a choppy with negative bias trading initially, but a direct turn above $26.50 likely for continuation of upticks. A direct break of $23.40 is required to extend the momentum. MCX Silver Apr: Res at Rs 68200. Sup: 63800.

Copper Mar

While prices stay below 700 there are chances of continuation of selling momentum. A close above 708 can negate the view and take prices higher.

Nickel Mar

Choppy with negative bias trading may continue while prices stay below the support of 1230. Anyhow major downside obstacle is placed at 1140.

Lead Mar

Expect a choppy with negative trading as long as 168 caps the upside. A direct drop below 160 is an another round of selling signal.

Zinc Mar

Selloffs may continue the day as prices stay below 220. Immediate trend reversal point is placed at 225.

Aluminium Mar

If 171 remain hold the downside, bullish momentum likely to extend the counter. Anyhow, 178 likely to act as a stiff upside obstacle.

MCX Crude Oil Mar/NYMEX Crude Mar

Bullish outlook remain intact and the momentum would extend further as it hold the support of $65. Next upside targets are seen at $68 initially followed by $72/77 levels. A close below $58 is a signal of reversal. MCX Mar: Res at Rs 5060 / Support: Rs 4760.

Natural Gas Mar

If the resistance of 202 remain capped, continuation of selling pressure is likely in the counter. Major resistance is seen at 209.

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