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MCX Major Commodities Support & Resistance for 26th 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

    29193

    29381

    29531

    29719

    29869

    Silver MCX May-13

    53326

    53763

    54052

    54489

    54778

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Apr-13

    5077

    5122

    5160

    5205

    5243

    Natural Gas MCX Apr-13

    209.00

    210.70

    213.40

    215.10

    217.80

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

102.68

103.12

103.93

104.37

105.18

Copper MCX Apr-13

413.25

415.25

417.25

419.25

421.25

Nickel MCX Mar-13

910.13

914.17

921.33

925.37

932.53

Lead MCX Mar-13

116.43

117.07

117.88

118.52

119.33

Zinc MCX Mar-13

103.93

103.68

104.42

105.03

106.77