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MCX Major Commodities Support and Resistance Levels for 11th June 2014

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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.

 

Support and Resistance for 11th June 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Aug-14 25872 26005 26085 26218 26298
Silver Jul-14 39931 40218 40401 40688 40871
MCX Metal Support and Resistance

Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Jun-14 109.70 110.35 111.55 112.20 113.40
Copper Jun-14 395.65 398.25 399.70 402.30 403.75
Nickel Jun-14 1085.67 1097.13 1109.57 1121.03 1133.47
Lead Jun-14 124.32 125.23 125.97 126.88 127.62
Zinc Jun-14 124.30 125.20 125.95 126.85 127.60
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Jun-14 6123 6146 6187 6210 6251
Natural Gas Jun-14 264.17 266.73 271.37 273.93 278.57