MCX Copper
MCX Copper Closing Price 425.20.Copper Continue it losses last week too.As Per BNP Paribas,Base Metals Lag Equities, Moving Inversely To Dollar.Last week when the Dow Jones Industrial Average hit a record high the base metals market in the last three weeks has been its dramatic under performing of equities.U.S. data have been broadly supportive but the inverse correlation of base metals with the US Dollar has returned to historical norms.
MCX Copper Looks weak on Daily & Weekly Chart.
MCX Copper Looks weak on Daily & Weekly Chart.
MCX Copper Weekly Technical Levels
MCX Copper Upper side breakout point : 427.30(Buy Comes above this point)
MCX Copper Technical Resistances levels : 430.70,433.80,434.90,
MCX Copper Down side breakout point : 423.10(Sell Comes below this point)
MCX Copper Technical Supports levels : 420.40,418.10,416.80
MCX Copper Technical Range/Levels this week :434.90-415.10
MCX Copper Fibonacci Trading Range this week :434.50-421.70
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MCX Lead
MCX Lead Closing Price 120.05.MCX Lead technically weak in MCX Daily & Weekly Charts.
MCX Lead Upper side breakout point : 121(Buy Comes above this point)
MCX Lead Technical Resistances levels : 122.10,123,124.20
MCX Lead Down side breakout point : 118.50(Sell Comes below this point)
MCX Lead Technical Supports levels : 117.70,116.70,115.10
MCX Lead Technical Range/Levels this week :124.20-115.10
MCX Lead Fibonacci Trading Range this week :125.30-117.50
MCX Zinc
MCX Zinc Closing Price 106.95.MCX Zinc technically weak in MCX Daily & Weekly chart.Zinc Made low of 106.90 in last two days.So,Likely to bounce from here.Zinc may possible to take Support at 105.80 levels this week.
MCX Zinc Weekly Technical Levels
MCX Zinc Upper side breakout point : 108.60(Buy Comes above this point)
MCX Zinc Technical Resistances levels : 109.70,111.10,112.20
MCX Zinc Down side breakout point : 105.20(Sell Comes below this point)
MCX Zinc Technical Supports levels : 104.10,102.20,101.30
MCX Zinc Technical Range/Levels this week :112.20-101.30
MCX Zinc Fibonacci Trading Range this week :112.30-105.70
MCX Zinc Weekly Technical Levels
MCX Zinc Upper side breakout point : 108.60(Buy Comes above this point)
MCX Zinc Technical Resistances levels : 109.70,111.10,112.20
MCX Zinc Down side breakout point : 105.20(Sell Comes below this point)
MCX Zinc Technical Supports levels : 104.10,102.20,101.30
MCX Zinc Technical Range/Levels this week :112.20-101.30
MCX Zinc Fibonacci Trading Range this week :112.30-105.70
MCX Nickel
MCX Nickel Closing Price 909.80.MCX Nickel Weekly Chart & Daily Chart looks weak.
MCX Nickel Weekly Technical Levels
MCX Nickel Upper side breakout point : 916(Buy Comes above this point)
MCX Nickel Technical Resistances levels : 923.40,928.40,934.30
MCX Nickel Down side breakout point : 901(Sell Comes below this point)
MCX Nickel Technical Supports levels : 894.70,887.90,882.70
MCX Nickel Technical Range/Levels this week :934.30-882.70
MCX Nickel Fibonacci Trading Range this week :925.60-895.70
MCX Aluminium
MCX Aluminium Closing Price 105.65.MCX Aluminium technically weak in MCX Daily & Weekly Charts.
MCX Aluminium Weekly Technical Levels
MCX Aluminium Upper side breakout point : 106.70(Buy Comes above this point)
MCX Aluminium Technical Resistances levels : 107.80,108.50,109.40
MCX Aluminium Down side breakout point : 104.60 (Sell Comes below this point)
MCX Aluminium Technical Supports levels : 103.70,102.80,101.90
MCX Aluminium Technical Range/Levels this week :109.40-101.90
MCX Aluminium Fibonacci Trading Range this week :108.90-104.80
MCX Basemetals Last week(March'4-8''2013) Bhav Copy Data for reference
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Commodity
|
Open
|
High
|
Low
|
Close
|
Copper
|
430.3
|
432.30
|
424.00
|
425.2
|
Lead
|
123.95
|
123.95
|
118.9
|
120.05
|
Nickel
|
918.7
|
920.4
|
901
|
909.8
|
Zinc
|
111.2
|
111.2
|
106.90
|
106.95
|
Aluminum
|
107.5
|
108.2
|
105.55
|
105.65
|
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