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MCX Metals Support and Resistance for 13th 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 13th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

111.35

111.90

112.30

112.85

113.25

Copper MCX Feb-13

441.83

443.47

444.48

446.12

447.13

Nickel MCX Feb-13

975.67

980.33

983.87

988.53

992.07

Lead MCX Feb-13

127.12

128.53

129.37

130.78

131.62

Zinc MCX Feb-13

115.97

117.13

117.82

118.98

119.67