Vruksha Financial Planners: MCX Base metals weekly View for March''25-30''2013.

MCX Copper

MCX Copper Closing Price 419.20.Copper Continue it losses last week too.Copper traded lower lastweek due to Cyprus news.In Cyprus unprecedented levy on bank deposits will plunge Europe back into crisis.This news curbing demand for Base metals & make trade lower.Chinese high inventory build also a factor for Copper Fall.As per Citi bank Report, China has a significant over-availability of copper units,built up during 2012.

Major Data s affecting Base Metals this week:

U S New Home Sales
U S Pending Home sales
U S Consumer Sentiment
U S GDP

MCX Copper Weekly Technical Levels

MCX Copper Upper side breakout point : 420.80(Buy Comes above this point)

MCX Copper Technical Resistances levels : 423.10,425.50,428.70

MCX Copper Down side breakout point : 415.60(Sell Comes below this point)

MCX Copper Technical Supports levels : 413.20,411.90,408.80

MCX Copper Technical Range/Levels this week :428.70-408.80

MCX Copper Fibonacci Trading Range this week :426.60-408.60

Add Your Trading queries/views as Comment

MCX Lead

MCX Lead Closing Price 118.50.MCX Lead looks in positive manner,so likely to trade higher.

MCX Lead Weekly Technical Levels

MCX Lead Upper side breakout point : 120(Buy Comes above this point)

MCX Lead Technical Resistances levels : 121,122.10,123

MCX Lead Down side breakout point : 117(Sell Comes below this point)

MCX Lead Technical Supports levels : 115.90,114.80,113.20

MCX Lead Technical Range/Levels this week :123-113.20

MCX Lead Fibonacci Trading Range this week :120.15-115.60

MCX Zinc

MCX Zinc Closing Price 105.25.MCX Zinc Looks positive for Buying Trend in Daily & Weekly Charts.

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 :106.10-101.60

MCX Nickel

MCX Nickel Closing Price 929.50.MCX Nickel looks positive for Buying trend this week as per Weekly Chart.Once Fundamentals favor Base metals likely tot trade Higher.

MCX Nickel Weekly Technical Levels

MCX Nickel Upper side breakout point : 937(Buy Comes above this point)

MCX Nickel Technical Resistances levels :943.40,947.60,951.20

MCX Nickel Down side breakout point : 923.40(Sell Comes below this point)

MCX Nickel Technical Supports levels : 917.60,912.50,907.50

MCX Nickel Technical Range/Levels this week :951.20-907.50

MCX Nickel Fibonacci Trading Range this week :942.60-884.40

MCX Aluminium

MCX Aluminium Closing Price 104.70.The report of Barclay's Capital noted that signs of improved aluminum demand in the U.S., although the bank says a global surplus continues to constrain prices.

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 :105.30-102.20

MCX Basemetals Last week(March'18-22''2013) Bhav Copy Data for reference

Commodity	Open	High	Low	Close
Copper	423.50	423.50	411.85	419.20
Lead	119.35	119.35	116.40	118.50
Nickel	913	932.4	894.7	929.50
Zinc	104.50	105.35	102.45	105.25
Aluminum	104.5	104.8	102.80	104.70