Browse By

MCX Commodity Support-Resistance for 7th Mar’13

Make My Trade | India (www.makemytrade.in)

  • 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

29300

29447

29597

29720

29846

Silver MCX May-13

53992

54480

54990

55478

55988

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCXMar-13

104.95

105.60

106.45

107.10

107.95

Copper MCX Apr-13

423.90

425.70

428.10

429.90

432.30

Nickel MCX Mar-13

903.80

907.40

912.70

916.30

921.60

Lead MCX Mar-13

118.43

119.22

120.68

121.47

122.93

Zinc MCX Mar-13

106.38

107.32

108.63

109.57

110.88

MCX Energy

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Crude Oil MCX Mar-13

4874

4907

4958

4991

5042

Natural Gas MCX Mar-13

187.50

189.90

193.50

195.90

199.50