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MCX Major Commodities Support and Resistance Levels for 22nd 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.

 

MCX Bullion Support and Resistance Levels for July 22 2014

Commodity Support 2 Support 1 Pivot Resistance 1 Resistance 2
Gold Aug-14 27863 27973 28093 28203 28323
Silver Sep-14 44666 44908 45218 45460 45770

MCX Metals Support and Resistance Levels for July 22 2014

Commodity Support 2 Support 1 Pivot Resistance 1 Resistance 2
Aluminium Jul-14 116.87 119.08 120.31 122.53 123.77
Copper Aug-14 423.13 425.82 427.53 430.22 431.93
Nickel Jul-14 1101.27 1118.63 1127.87 1145.23 1154.47
Lead Jul-14 129.07 130.83 131.97 133.73 134.87
Zinc Jul-14 136.30 138.75 140.05 142.50 143.80

MCX Energy Support and Resisstance Levels for July 22 2014

Commodity Support 2 Support 1 Pivot Resistance 1 Resistance 2
Crude Oil Jul-14 6139 6196 6234 6291 6329
Natural Gas Jul-14 228.60 230.30 232.70 234.40 236.80