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MCX Commodities Support and Resistance for 13th March 2013

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  • Trading as per support and resistance levels may be quite useful for intraday trading in commodities.
  • Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
  •  A support is the level where a Commodity get buying interest before it can fall further.
  • Under the normal market conditions or in the absense of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.
  • In general, it is advisable to buy the commodities at support levels and sell at the resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.
  • MCX Bullion
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Gold MCX April-13

    29235

    29345

    29432

    29542

    29629

    Silver MCX May-13

    54291

    54618

    54908

    55235

    55525

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

104.07

105.13

105.67

106.73

107.27

Copper MCX Apr-13

421.07

424.68

427.42

431.03

433.77

Nickel MCX Mar-13

906.27

914.83

919.77

928.33

933.27

Lead MCX Mar-13

118.00

119.25

120.00

121.25

122.00

Zinc MCX Mar-13

104.33

105.87

106.73

107.77

108.63

MCX Enrgy

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Crude Oil MCX Mar-13

4946

4991

5025

5070

5104

Natural Gas MCX Mar-13

194.43

195.97

197.93

199.47

201.43