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MCX Major Commodities Support & Resistance for 20th 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

    29339

    29605

    29747

    30013

    30155

    Silver MCX May-13

    53968

    54345

    54577

    54954

    55186

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Mar-13

    5024

    5057

    5112

    5145

    5200

    Natural Gas MCX Mar-13

    207.97

    212.43

    214.67

    219.13

    221.37

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

102.60

103.40

104.00

104.80

105.40

Copper MCX Apr-13

409.00

411.00

413.85

415.85

418.70

Nickel MCX Mar-13

893.00

898.80

903.00

908.80

913.00

Lead MCX Mar-13

115.95

116.80

117.80

118.65

119.65

Zinc MCX Mar-13

102.08

102.82

103.38

104.12

104.68