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MCX Copper Surges, Commodity Intraday Outlook

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  • Tuesday, April 10, 2012
    • by
  • Unknown
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  • We expect base metals to trade with a positive bias today on account of favorable trade surplus data from China and weakness in the US dollar index.

    Additionally, rising expectations of quantitative easing by Fed will also help upside in base metal prices.

    However, appreciation in the Indian Rupee may hold gains on the MCX.
    • MCX Copper Apr’12 Rs /kg support:419.15/415.65 resistance:425.50/429.0
    • MCX Zinc Apr’12 Rs /kg support:102.10/101.80 resistance:102.85/103.30
    • MCX Lead Apr’12 Rs /kg support: 105.15/104.65 resistance:106.25/106.85
    • MCX Aluminum Apr’12 Rs /kg support:106.85/106.50 resistance:107.40/107.70
    • MCX Nickel Apr’12 Rs /kg support:936.10/931.80 resistance: 944.70/949.0

    Posted by Unknown on Tuesday, April 10, 2012 at 4/10/2012 09:02:00 PM

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