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Gold Mini Mar/ LBMA Spot Gold

As long as 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

Congested trade inside $28-26 levels expected initially and breaking nay of the sides would suggest fresh direction for the commodity. A direct rise above $30 is a bullish signal while 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

Outlook remain on the positive side while prices stay above 1312. Anyhow next major upside obstacle is seen at 1372.

Lead Feb

Upticks will continue while prices stay above 167. Major downside reversal is seen at 164.

Zinc Feb

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

Aluminium Feb

While the support of 166 remain undisturbed, expect rallies to continue the day. Weakness is seen if it break below 163.

MCX Crude Oil Feb/NYMEX Crude Mar

Broad outlook remain on the bullish side while prices stays above $56. Anyhow, next resistance are seen at $59 followed by $62 levels. Weak bias expected only if prices closes below $54. A direct break below $49 is a bearish signal. MCX Feb: Res at Rs 4318 / Support: Rs 4152.

Natural Gas Feb

Expect a choppy trading inside 222-198 levels and breaking any of the sides would suggest fresh short term direction.

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