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MCX Major Commodities Support and Resistance Levels for 14th July 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 14th July 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Aug-14 28075 28215 28372 28512 28669
Silver Sep-14 45651 45859 46130 46338 46609
MCX Metal Support and Resistance

Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Jul-14 114.27 115.03 115.47 116.23 116.67
Copper Aug-14 432.08 434.32 435.93 438.17 439.78
Nickel Jul-14 1137.37 1150.53 1158.77 1171.93 1180.17
Lead Jul-14 130.00 131.05 131.70 132.75 133.40
Zinc Jul-14 135.35 136.65 137.35 138.65 139.35
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Jul-14 5963 6016 6110 6163 6257
Natural Gas Jul-14 246.30 248.20 249.40 251.30 252.50