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MCX Major Commodities Support and Resistance levels for 13th 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 29409 29748 30213 30552 31017
Silver Dec-13 49074 49800 51062 51788 53050
  • MCX Metals
Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Sep-13 111.45 112.50 113.05 114.10 114.65
Copper Nov-13 450.40 455.20 460.80 465.60 471.20
Nickel Sep-13 860.10 870.90 876.30 887.10 892.50
Lead Sep-13 131.60 133.25 134.25 135.90 136.90
Zinc Sep-13 115.98 117.22 118.03 119.27 120.08
  • MCX Energy
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Sep-13 6766 6856 6912 7002 7058
Natural Gas Sep-13 221.83 227.27 231.03 236.47 240.23