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MCX Major Commodities Support and Resistance levels for 14th 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 29782 29919 30110 30247 30438
Silver Dec-13 45915 46296 46928 47309 47941
  • MCX Metals
Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Nov-13 109.93 110.82 112.23 113.12 114.53
Copper Nov-13 432.33 437.62 447.58 452.87 462.83
Nickel Nov-13 826.00 863.00 869.00 876.00 882.00
Lead Nov-13 130.12 131.28 132.92 134.08 135.72
Zinc Nov-13 116.32 117.18 118.52 119.38 120.72
  • MCX Energy
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Nov-13 5869 5926 5973 6030 6077
Natural Gas Nov-13 223.97 226.33 230.17 232.53 236.37