Browse By

MCX Major Commodities Support and Resistance Levels for 17th June 2014

Make My Trade | India (www.makemytrade.in)

  • 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 17th June 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Aug-14 26454 26642 26839 27027 27224
Silver Jul-14 41735 41970 42233 42468 42731
MCX Metal Support and Resistance

Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Jun-14 108.75 109.20 109.50 109.95 110.25
Copper Jun-14 399.83 402.87 405.03 408.07 410.23
Nickel Jun-14 1073.87 1098.73 1111.77 1136.63 1149.67
Lead Jun-14 123.68 124.67 125.18 126.17 126.68
Zinc Jun-14 123.87 125.03 125.67 126.83 127.47
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Jun-14 6374 6398 6435 6459 6496
Natural Gas Jun-14 277.00 280.50 284.60 288.10 292.20