Browse By

MCX Energy Support and Resistance for 27th February’ 2013

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 Energy Support and Resistance for 27th February’ 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Crude Oil MCX Mar-13

4967

4995

5030

5058

5093

Natural Gas MCX Mar-13

184.30

186.30

189.00

191.00

193.70