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MCX Major Commodities Support & Resistance for 18th March 2013

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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
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Gold MCX April-13

    29333

    29356

    29375

    29398

    29417

    Silver MCX May-13

    54137

    54163

    54187

    54213

    54237

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Mar-13

    5055

    5059

    5061

    5065

    5067

    Natural Gas MCX Mar-13

    208.27

    208.63

    209.07

    209.43

    209.87

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

104.58

104.62

104.78

104.82

104.98

Copper MCX Apr-13

423.03

423.37

423.73

424.07

424.43

Nickel MCX Mar-13

911.27

912.33

914.17

915.23

917.07

Lead MCX Mar-13

119.22

119.33

119.57

119.68

119.92

Zinc MCX Mar-13

104.50

104.65

104.75

104.90

105.00