Browse By

MCX Major Commodities Support and Resistance Levels for 31st July 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.

 

MCX Bullion Support and Resistance Levels for July 31 2014

Commodities Pivot Res 1 Res 2 Res 3 Sup 1 Sup 2 Sup 3
Gold 27865 28004 28117 28256 27752 27613 27500
Silver 44338 44599 44786 45047 44151 43890 43703

MCX Metals Support and Resistance Levels for July 31 2014

Commodities Pivot Res 1 Res 2 Res 3 Sup 1 Sup 2 Sup 3
Copper 432.52 437.33 439.82 444.63 430.03 425.22 422.73
Nickel 1135.5 1157.7 1169.6 1191.8 1123.6 1101.4 1089.5
Lead 135.3 138.35 140 143.05 133.65 130.6 128.95
Zinc 143.32 146.43 148.17 151.28 141.58 138.47 136.73
Aluminium 120.67 123.13 124.52 126.98 119.28 116.82 115.43

MCX Energy Support and Resisstance Levels for July 31 2014

Commodities Pivot Res 1 Res 2 Res 3 Sup 1 Sup 2 Sup 3
Crude Oil 6089 6118 6171 6200 6036 6007 5954
Natural Gas 229.33 231.17 233.43 235.27 227.07 225.23 222.97