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MCX Major Commodities Support & Resistance for 28th 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

    29327

    29480

    29563

    29716

    29799

    Silver MCX May-13

    52921

    53492

    53820

    54391

    54719

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Apr-13

    5202

    5231

    5250

    5279

    5298

    Natural Gas MCX Apr-13

    213.30

    218.00

    220.70

    225.40

    228.10

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

101.38

102.22

102.68

103.52

103.98

Copper MCX Apr-13

414.58

416.12

416.93

418.47

419.28

Nickel MCX Mar-13

902.43

909.47

913.53

920.57

924.63

Lead MCX Mar-13

112.47

113.63

114.52

115.68

116.57

Zinc MCX Mar-13

99.57

101.08

101.92

103.43

104.27