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MCX Major Commodities Support and Resistance Levels for 12th 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 12th June 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Aug-14 25839 25964 26082 26207 26325
Silver Jul-14 40283 40457 40648 40822 41013
MCX Metal Support and Resistance

Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Jun-14 107.43 108.37 110.13 111.07 112.83
Copper Jun-14 395.60 397.60 400.45 402.45 405.30
Nickel Jun-14 1060 1071 1091 1102 1123
Lead Jun-14 123.03 123.87 125.38 126.22 127.73
Zinc Jun-14 123.50 124.30 125.65 126.45 127.80
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Jun-14 6153 6173 6198 6218 6243
Natural Gas Jun-14 266.17 267.63 269.67 271.13 273.17