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MCX Major Commodities Support and Resistance Levels for 12th Sep 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
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Oct-13 30099 30398 30742 31041 31385
Silver Dec-13 51328 51904 52400 52976 53472
  • MCX Metals
Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Sep-13 111.00 111.80 113.05 113.85 115.10
Copper Nov-13 458.47 461.73 466.97 470.23 475.47
Nickel Sep-13 860.13 867.07 876.03 882.97 891.93
Lead Sep-13 132.15 133.25 135.25 136.35 138.35
Zinc Sep-13 115.90 116.75 118.30 119.15 120.70
  • MCX Energy
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Sep-13 6746 6807 6858 6919 6970
Natural Gas Sep-13 221.73 225.87 228.83 232.97 235.93