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MCX Commodities Trading Levels for October 6, 2014

MakeMyTrade.in | October 6, 2014

  • 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.
  • Support is the level where a stock get buying interest before it can fall further.
  • Under the normal market conditions or in the absence 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 stock at support levels and sell at resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.

Support Resistance Levels for Major MCX Commodity Futures for October 06, 2014

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26208 26359 26657 26808 27106
Silver 37342 37593 37952 38203 38562
Copper 408.67 411.03 414.27 416.63 419.87
Nickel 999 1015 1023 1039 1047
Lead 127.90 128.35 129.00 129.45 130.10
Zinc 138.57 139.38 139.92 140.73 141.27
Aluminium 113.88 115.72 116.88 118.72 119.88
Crude Oil 5468 5510 5583 5625 5698
Natural Gas 242.70 246.00 247.90 251.20 253.10