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MCX Major Commodities Support and Resistance Levels for 6th June 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.

 

Support and Resistance for 6th June 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Jun-14 26278 26505 26737 26964 27196
Silver Jul-14 39267 39775 40122 40630 40977
MCX Metal Support and Resistance

Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium June-14 106.95 107.90 108.80 109.75 110.65
Copper June-14 400.40 402.50 405.35 407.45 410.30
Nickel June-14 1108.73 1116.27 1127.63 1135.17 1146.53
Lead June-14 123.02 123.53 124.22 124.73 125.42
Zinc June-14 122.62 123.08 123.57 124.03 124.52
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Jun-14 5975 6018 6056 6099 6137
Natural Gas Jun-14 269.50 274.00 276.70 281.20 283.90