Browse By

MCX Major Commodities Support and resistance Levels for 10th Sep 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 Bullion

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

MCX Gold Oct-13 31205 31372 31670 31837 32135
MCX Silver Dec-13 53430 53774 54280 54624 55130
  • MCX Energy

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

MCX Crude Oil Sep-13 6932 6994 7096 7158 7260
MCX Natural Gas Sep-13 227.57 229.43 231.77 233.63 235.97
  • MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

MCX Copper Nov-13 466.93 470.17 476.23 479.47 485.53
MCX Nickel Sep-13 887.50 891.90 899.20 903.60 910.90
MCX Lead Sep-13 136.65 137.30 138.45 139.10 140.45
MCX Zinc Sep-13 118.50 119.30 120.80 121.60 123.10
MCX Alluminnium Sep-13 113.15 113.85 115.10 115.80 117.05