MCX Base Metals View for 18.03.2013

MCX Copper

International Copper Traded seven dollars lower than Friday MCX Closing Price.Copper traded lower 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.All metals comes under selling only.

Friday(15.03.2013) MCX Copper Closing Price 423.55.MCX Copper losses may limit by Indian Rupee(USDINR).

MCX Copper Technical Levels for 18.03.2013

MCX Copper Upper side breakout point     : 426.30(Buy Comes above this point)

MCX Copper Technical Resistances levels  : 427.20,428.30,429.30

MCX Copper Down side breakout point     :  422.50(Sell Comes below this point)

MCX Copper Technical Supports levels      :421.30,420.80,420.10

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MCX Base metals Pivot levels for 18.03.2013 Click here 

For Lead,Zinc Aluminium & Nickel--->Click Read More

MCX Commodities Intraday Technical levels for 18.03.2013

Gold April Contract

15.03.2013 MCX Gold Closing price      29359

Technical indicators

Simple Moving Average 

5 days Simple Moving Average     29400.60

20 days Simple Moving Average   29560.75

50 days Simple Moving Average   30073.68 

200 days Simple Moving Average  30782.21

Bollinger band

Upper band        29935.27

Middle band       29560.75

Lower band       29186.23

   Silver May Contract 

15.03.2013 MCX Silver Closing price 54192

Technical indicators

Simple Moving Average 

5 days  Simple Moving Average      54554.80         

20 days Simple Moving Average     54214.70

50 days Simple Moving Average     56484.94

200 days Simple Moving Average   58675.28

Bollinger band

Upper band      55263.14

Middle band     54214.70

Lower band     53166.26

For Copper,Lead,Zinc Aluminium,Nickel& N.G levels Click Read More