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MCX Major Commodities Support & Resistance for 25th 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

    29556

    29616

    29712

    29772

    29868

    Silver MCX May-13

    53345

    53735

    54362

    54752

    55379

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Apr-13

    5039

    5066

    5082

    5109

    5125

    Natural Gas MCX Mar-13

    209.97

    211.93

    214.87

    216.83

    219.77

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

102.13

103.47

104.13

105.47

106.13

Copper MCX Apr-13

413.32

416.23

418.12

421.03

422.92

Nickel MCX Mar-13

904.53

917.07

924.73

937.27

944.93

Lead MCX Mar-13

115.97

117.28

118.02

119.33

120.07

Zinc MCX Mar-13

102.93

104.12

104.73

105.92

106.53