Monday 1 April 2013

MCX Base metals weekly View for April ''1-6' '2013.


MCX Copper
MCX Copper Closing Price 410.20.Copper Continue it losses last week too.This week plenty of Economic data s released from Major Countries.But Monday Trading Holiday for LME Holiday,Base metals likely not giving more movements until U S Market Opening in an Evening.

From this week Tuesday LME Will Open as per summer timings,so LME Inventory will come by 1.30 PM.
Major Data s affecting Base Metals this week:
  • Chinese Manufacturing PMI                                            
  • U S ISM Manufacturing PMI
  • ADP NON Farm Employment Change
  • U S  ISM Non-Manufacturing PMI
  • Bank Pf Japan Monetary Policy Meeting
  • Bank Of England Rate
  • European Central Bank  Rate
  • U S Non Farm Employment Change
  • U S UnEmployment Rate
MCX Copper Weekly Technical Levels

MCX Copper Upper side breakout point     : 413.20(Buy Comes above this point)

MCX Copper Technical Resistances levels  : 415.40,417.30,419.40

MCX Copper Down side breakout point     :  408.40(Sell Comes below this point)

MCX Copper Technical Supports levels      : 405.70,401.40,396.70

MCX Copper Technical Range/Levels this week    :419.40-396.70

MCX Copper Fibonacci Trading Range this week  :426.10-390.10
                                                            Add Your Trading queries/views as  Comment

MCX Lead
MCX Lead Closing Price 114.85.All Base metals looks weak,Once Positive Fundamentals will change the trend.

MCX Lead Weekly Technical Levels

MCX Lead Upper side breakout point     : 115.80(Buy Comes above this point)

MCX Lead Technical Resistances levels  : 117,118.10,118.70

MCX Lead Down side breakout point     :  113.20(Sell Comes below this point)

MCX Lead Technical Supports levels      : 112.10,111.20,110.30

MCX Lead Technical Range/Levels this week    :118.70-110.30

MCX Lead Fibonacci Trading Range this week  :121.30-111.95


MCX Zinc
MCX Zinc Closing Price 102.90.

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 911.50.

MCX Nickel Weekly Technical Levels

MCX Nickel Upper side breakout point     : 916.40(Buy Comes above this point)

MCX Nickel Technical Resistances levels  :922.20,927.30,933.40

MCX Nickel Down side breakout point     :  906.20(Sell Comes below this point)

MCX Nickel Technical Supports levels      : 900.20,895.70,888.10

MCX Nickel Technical Range/Levels this week    :933.40-888.10

MCX Nickel Fibonacci Trading Range this week  :945.30-892.10
MCX Aluminium
MCX Aluminium Closing Price 103.65.

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     :  102.70 (Sell Comes below this point)

MCX Aluminium Technical Supports levels      : 101.80,100.20,99.10

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

MCX Aluminium Fibonacci Trading Range this week  :107-102

MCX Basemetals Last week(March'25-30''2013) Bhav Copy Data for reference
Commodity
Open
High
Low
Close
Copper
419.80
419.80
396.50
410.20
Lead
119.45
119.65
113.60
114.85
Nickel
936
936
901.5
911.50
Zinc
106.20
106.4
102
102.90
Aluminum
105.85
106.1
102.90
103.65



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