Sunday, 17 March 2013

MCX Base metals weekly View for March''18-23''2013.


MCX Copper
MCX Copper Closing Price 423.55.Copper Continue it losses last week too.

MCX Copper may possible to reverse this week.Once MCX Copper opens above 424,looks positive,otherwise price will drag lower. 

Major Data s affecting Base Metals this week:

  • U S Building Permits
  • U S Housing Starts
  • U S Federal Reserve Meeting/Federal Funds Rate
  • HSBC China manufacturing Data
  • Philly Fed Manufacturing Index
  • US Existing Home Sales
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  :432.40-419.30
                                                            Add Your Trading queries/views as  Comment


MCX Lead
MCX Lead Closing Price 119.75.MCX Lead Opens above 119.80,looks positive for Buying.

MCX Lead Weekly Technical Levels

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     :  118.60(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  :123.55-117.30


MCX Zinc
MCX Zinc Closing Price 104.80.MCX Zinc Looks weak in Daily & Weekly Charts.MCX Zinc settled lower than strong Support level 105.20.

MCX Zinc Weekly Technical Levels

MCX Zinc Upper side breakout point     : 105.60(Buy Comes above this point)

MCX Zinc Technical Resistances levels  : 106.60,108.80,110.40

MCX Zinc  Down side breakout point     :  103.40(Sell Comes below this point)

MCX Zinc Technical Supports levels      : 102.30,101.30,100.10

MCX Zinc  Technical Range/Levels this week    :110.40-100.10

MCX Zinc  Fibonacci Trading Range this week  :108.90-103.60


MCX Nickel
MCX Nickel Closing Price 914.80.MCX Nickel Weekly Chart looks weak.

MCX Nickel Weekly Technical Levels

MCX Nickel Upper side breakout point     : 916.50(Buy Comes above this point)

MCX Nickel Technical Resistances levels  : 923.70,928.40,937.60

MCX Nickel Down side breakout point     :  908(Sell Comes below this point)

MCX Nickel Technical Supports levels      : 901.80,894.70,884.60

MCX Nickel Technical Range/Levels this week    :937.60-884.60

MCX Nickel Fibonacci Trading Range this week  :946.20-892.10

MCX Aluminium
MCX Aluminium Closing Price 104.75.MCX Aluminium technically weak in MCX Weekly Chart.

MCX Aluminium Weekly Technical Levels

MCX Aluminium Upper side breakout point     : 105.80(Buy Comes above this point)

MCX Aluminium Technical Resistances levels  : 106.90,108.50,109.40

MCX Aluminium Down side breakout point     :  103.60 (Sell Comes below this point)

MCX Aluminium Technical Supports levels      : 102.80,101.90,100.20

MCX Aluminium Technical Range/Levels this week    :109.40-100.20

MCX Aluminium Fibonacci Trading Range this week  :107.40-103.40

MCX Basemetals Last week(March'11-15''2013) Bhav Copy Data for reference
Commodity
Open
High
Low
Close
Copper
425.7
430.15
421.65
423.55
Lead
120
122.45
118.4
119.75
Nickel
909.8
936.7
901.7
914.8
Zinc
107.15
108
104.60
104.8
Aluminum
105.65
106.75
104.15
104.75



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