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MCX Major Commodities Support and Resistance Levels for 25th 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 25 2014

Commodities Pivot Res 1 Res 2 Sup 1 Sup 2
Gold Aug-14 27688 27775 27916 27547 27460
Silver Sep-14 44152 44564 45352 43364 42952

MCX Metals Support and Resistance Levels for July 25 2014

Commodities Pivot Res 1 Res 2 Sup 1 Sup 2
Aluminium Jul-14 121.02 121.88 122.87 120.03 119.17
Copper Aug-14 433.70 437.25 439.15 431.80 428.25
Nickel Jul-14 1148.43 1154.57 1160.33 1142.67 1136.53
Lead Jul-14 133.17 134.58 135.37 132.38 130.97
Zinc Jul-14 143.05 144.30 144.95 142.20 141.15

MCX Energy Support and Resisstance Levels for July 25 2014

Commodities Pivot Res 1 Res 2 Sup 1 Sup 2
Crude Oil Aug-14 6179 6205 6248 6136 6110
Natural Gas Jul-14 230.40 234.90 238.10 227.20 222.70