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Gold Mini Mar/ LBMA Spot Gold

Inability to break $1870 there are chances of corrective selloffs for the day. However, a direct drop below $1790 is needed to trigger major liquidation pressure in the counter. MCX GoldM Mar Res: 48060 Support: 46220

Silver Mini Feb/ LBMA Spot Silver

Prices remain congested inside $28-26 levels initially and breaking nay of the sides would suggest fresh direction to the commodity for the day. MCX Silver Feb: Res at Rs 71400. Sup: 65320.

Copper Feb

Bullish outlook will continue as long as 618 remain hold the downside. Major downside reversal is seen at 610.

Nickel Feb

Buying momentum may continue while prices stay above 1312. Anyhow major upside obstacle is seen at 1348.

Lead Feb

Recovery upticks are likely as long as 163 hold the downside. Next major upside obstacle is seen at 168.

Zinc Feb

While prices stay above 212 bullish outlook remain intact in the counter. Weakness is seen only a break 208.

Aluminium Feb

Positive outlook remain intact as long as 163 hold the downside. Next Major upside obstacle is seen at 169.

MCX Crude Oil Feb/NYMEX Crude Mar

Bullish rallies likely to continue as long as prices stays above $54. Next resistance is seen at $59 followed by $62 levels. However, corrective selloffs are likely only if prices drop below $52.50. A direct break below $49 is a bearish signal. MCX Feb: Res at Rs 4330 / Support: Rs 4180.

Natural Gas Feb

If the support of 201 remain hold the downside, expect recovery upticks for the day. Meanwhile, it required to break 218 to trigger bullish outlook.

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