Browse By

MCX Major Commodities Support and Resistance Levels or 28th Mar 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 28th Mar 2014

MCX Bullion Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Gold Apr-14 28070 28259 28480 28669 28890
Silver May-14 42285 42588 42862 43165 43439
MCX Metal Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Aluminium Mar-14 100.82 101.43 102.02 102.63 103.22
Copper Apr-14 394.58 397.92 400.33 403.67 406.08
Nickel Mar-14 935.70 940.80 948.60 953.70 961.50
Lead Mar-14 121.28 122.47 123.28 124.47 125.28
Zinc Mar-14 116.93 117.77 118.43 119.27 119.93
MCX Energy Support and Resistance
Commmodity Sup2 Sup1 Pivot Res1 Res2
Crude Oil Apr-14 6005 6072 6110 6177 6215
Natural Gas Apr-14 260.43 266.57 270.43 276.57 280.43