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MCX Metals Support and Resistance for 12th February 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 Metals Support and Resistance for 12th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

111.33

111.77

112.48

112.92

113.63

Copper MCX Feb-13

440.00

442.10

444.75

446.85

449.50

Nickel MCX Feb-13

974.87

978.53

983.17

986.83

991.47

Lead MCX Feb-13

127.63

128.17

129.18

129.72

130.73

Zinc MCX Feb-13

116.17

116.78

117.57

118.18

118.97