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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 would be a short term bearish signal. MCX GoldM Mar Res: 48140 Support: 46510

Silver Mini Feb/ LBMA Spot Silver

Recovery upticks are likely as long as $26 hold the downside. Meanwhile, it required to break $30 to trigger major rallies. An unexpected decline below $26 is an immediate weak signal. MCX Silver Feb: Res at Rs 72500. Sup: 68100.

Copper Feb

Bullish outlook remain intact in the counter. Meanwhile, a direct drop below 628 is an immediate reversal signal.

Nickel Feb

Breaking 1365 is needed to continue rallies in the counter. Else, there are chances of corrective selloffs for the day

Lead Feb

As long as prices stay above 167 bullish outlook may continue in the counter. Major downside reversal is seen if it break below 164.

Zinc Feb

Bullish outlook remain intact in the counter if the support of 214 remain undisturbed. Weakness is seen only a break of 208.

Aluminium Feb

Inability to move past 169 there are chances of corrective selling pressure for the day. A direct surge above the same would extend positive momentum.

MCX Crude Oil Feb/NYMEX Crude Mar

Prices look towards the immediate resistance of $62 initially followed by $68 level. Weakness is seen only if prices closes below $57. Anyhow, a direct break below $54 is a bearish signal. MCX Feb: Res at Rs 4424 / Support: Rs 4310.

Natural Gas Feb

A direct break above 222 is needed to continue rallies. Else, there are chances of corrective selloffs for the day.

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