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MCX Major Commodities Support & Resistance for 1st April 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

    29310

    29377

    29490

    29557

    29670

    Silver MCX May-13

    53001

    53283

    53666

    53948

    54331

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Apr-13

    5226

    5265

    5293

    5332

    5360

    Natural Gas MCX Apr-13

    213.67

    216.53

    220.47

    223.33

    227.27

  • MCX Metals
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Aluminium MCX Apr-13

    103.08

    103.62

    104.28

    104.82

    105.48

    Copper MCX Apr-13

    408.87

    410.93

    414.67

    416.73

    420.47

    Nickel MCX Apr-13

    906.10

    911.50

    917.50

    922.90

    928.90

    Lead MCX Apr-13

    113.50

    114.40

    115.40

    116.30

    117.30

    Zinc MCX Apr-13

    101.87

    102.58

    103.52

    104.23

    105.17