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Gold Mini Mar/ LBMA Spot Gold

Prices remain choppy inside $1875-1780 levels and breaking any of the sides would suggest fresh direction to the commodity. A direct drop below $1780 a short term bearish signal. MCX GoldM Mar Res: 48060 Support: 46220

Silver Mini Feb/ LBMA Spot Silver

Intraday bias likely to be on the positive side as long as $26 hold the downside. Meanwhile, it required to break $30 to trigger major rallies. However a direct decline below $26 is an immediate weak signal. MCX Silver Feb: Res at Rs 71400. Sup: 65320.

Copper Feb

Prices may look towards further higher as long as 628 hold the downside. Weakness is seen only if it break 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

Rallies may continue while prices stay above 167. Major downside reversal is seen if it break below 164.

Zinc Feb

Bullish outlook remain intact in the counter as it hold the support of 214. 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

Bullish outlook may continue towards the immediate resistance of $62 initially followed by $68 level. Weakness is expected only if prices closes below $57. Anyhow, a direct break below $54 is a bearish signal. MCX Feb: Res at Rs 4520 / Support: Rs 4310.

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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