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MCX Major Commodities Support and Resistance levels for 13th Nov 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 Dec-13 29868 30140 30292 305564 30716
Silver Dec-13 47136 47443 47966 48273 48796
  • MCX Metals
Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Nov-13 112.40 113.10 113.50 114.20 114.60
Copper Nov-13 455.70 457.25 458.25 459.80 460.80
Nickel Nov-13 867.87 872.83 877.17 882.13 886.47
Lead Nov-13 113.28 134.02 134.43 135.17 135.58
Zinc Nov-13 118.60 119.20 119.55 120.15 120.50
  • MCX Energy
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Nov-13 5978 6005 6050 6077 6122
Natural Gas Nov-13 224.67 229.53 232.27 237.13 229.87