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Gold Mini Mar/ LBMA Spot Gold

If the resistance of $1870 remain capped, 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. However a direct rise above $30 is a bullish signal and break of $24 is a bearish one. 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 next major upside obstacle is seen at 1372.

Lead Feb

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

Zinc Feb

While prices stay above 214 bullish outlook remain intact in the counter. Weakness is seen only a break of 208.

Aluminium Feb

As long as 164 hold the downside expect rallies to continue with next major obstacle is seen at 169.

MCX Crude Oil Feb/NYMEX Crude Mar

Broad trend remain bullish as prices stays above $57. Next resistance is seen at $59 followed by $62 levels. However, weak bias expected only if prices closes below $54. A direct break below $49 is a bearish signal. MCX Feb: Res at Rs 4330 / Support: Rs 4180.

Natural Gas Feb

While the support of 201 remain undisturbed, expect recovery upticks for the day. Meanwhile, it required to break 218 to setoff fresh bullish outlook.

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