Vruksha Financial Planners: MCX Base metals weekly View for April ''8-13 '2013.

MCX Copper

MCX Copper Closing Price 405.65.Copper Continue it losses last week too.Last week most of economic data s from major countries affected Base metals prices in negative way.U S,China & U K Manufacturing Data s came Negative.

MCX Copper looks weak In weekly & Daily Charts.MCX Copper opens above 405.80,likely to trade higher.

Major Data's affecting Base Metals this week(April'8-13'2013):

U S Fed Ben Bernanke Speech
Chinese Consumer Price Index(CPI)
Chinese Trade balance-Mainly Important,it states Chinese Metals Import Data
U S FOMC Meeting Minutes
U S Federal budget Balance
U S Core Retail Sales
U S Producer Price Index(PPI)
U S Retail Sales
U S Consumer Sentiment

MCX Copper Weekly Technical Levels

MCX Copper Upper side breakout point : 408.50(Buy Comes above this point)

MCX Copper Technical Resistances levels : 410.70,413.10,415.40

MCX Copper Down side breakout point : 403.70(Sell Comes below this point)

MCX Copper Technical Supports levels : 401.70,398.40,396.70

MCX Copper Technical Range/Levels this week :415.40-396.70

MCX Copper Fibonacci Trading Range this week :413.50-398.80

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MCX Lead

MCX Lead Closing Price 111.90.All Base metals looks weak,Once Positive Fundamentals will change the trend.

MCX Lead Weekly Technical Levels

MCX Lead Upper side breakout point : 112.40(Buy Comes above this point)

MCX Lead Technical Resistances levels :113.50,114.40,115.50

MCX Lead Down side breakout point : 109.80(Sell Comes below this point)

MCX Lead Technical Supports levels : 108.80,107.70,105.80

MCX Lead Technical Range/Levels this week :115.50-105.80

MCX Lead Fibonacci Trading Range this week :116.40-109.40

MCX Zinc

MCX Zinc Closing Price 102.70.MCX Zinc opens above 102.80,likely to change in Buying Trend as per MCX Zinc weekly chart.MCX Zinc daily Chart looks weak.

MCX Zinc Weekly Technical Levels

MCX Zinc Upper side breakout point : 104.70(Buy Comes above this point)

MCX Zinc Technical Resistances levels : 105.80,106.60,108.80

MCX Zinc  Down side breakout point : 102.10(Sell Comes below this point)

MCX Zinc Technical Supports levels : 101.20,100.30,98.80

MCX Zinc  Technical Range/Levels this week :108.80-98.80

MCX Zinc  Fibonacci Trading Range this week :107.6-100.80

MCX Nickel

MCX Nickel Closing Price 877.60.MCX Nickel Looks weak as per Weekly Chart,But Daily Chart looks positive once it opens above 880 levels.

MCX Nickel Weekly Technical Levels

MCX Nickel Upper side breakout point : 881.60(Buy Comes above this point)

MCX Nickel Technical Resistances levels :887.60,892.30,897.80

MCX Nickel Down side breakout point : 874(Sell Comes below this point)

MCX Nickel Technical Supports levels : 868.70,862.80,855.40

MCX Nickel Technical Range/Levels this week :897.80-855.40

MCX Nickel Fibonacci Trading Range this week :931.8-827.10

MCX Aluminium

MCX Aluminium Closing Price 102.85.MCX Aluminium Looks Weak in MCX Daily &weekly chart.

MCX Aluminium Weekly Technical Levels

MCX Aluminium Upper side breakout point : 104.70(Buy Comes above this point)

MCX Aluminium Technical Resistances levels : 105.80,106.90,108.50

MCX Aluminium Down side breakout point : 102.60 (Sell Comes below this point)

MCX Aluminium Technical Supports levels : 101.70,100.20,99.10

MCX Aluminium Technical Range/Levels this week :108.50-99.10

MCX Aluminium Fibonacci Trading Range this week :104.80-100.70

MCX Basemetals Last week(April''1-6''2013) Bhav Copy Data for reference

Commodity	Open	High	Low	Close
Copper	410.25	410.95	401.45	405.65
Lead	114.1	115.25	110.70	111.90
Nickel	910	913.50	845.60	877.60
Zinc	102.60	105.95	100.20	102.70
Aluminum	103.5	104.1	101.45	102.85