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MCX Major Commodities Support and Resistance for 19th 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

    29336

    29435

    29540

    29639

    29744

    Silver MCX May-13

    53810

    54060

    54308

    54558

    54806

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Mar-13

    4940

    4999

    5033

    5092

    5126

    Natural Gas MCX Mar-13

    206.87

    209.43

    212.27

    214.83

    217.67

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

101.93

102.57

103.53

104.17

105.13

Copper MCX Apr-13

404.63

408.47

415.98

419.82

427.33

Nickel MCX Mar-13

883.40

890.40

901.70

908.70

920.00

Lead MCX Mar-13

114.73

116.02

117.68

118.97

120.63

Zinc MCX Mar-13

101.18

101.97

103.23

104.02

105.28