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MCX Metals Support and Resistance for 26th 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 26th February 2013

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Feb-13

106.53

107.12

107.98

108.57

109.43

Copper MCX Feb-13

418.78

420.67

422.68

424.57

426.58

Nickel MCX Feb-13

885.73

892.17

903.83

910.27

921.93

Lead MCX Feb-13

122.37

123.08

124.07

124.78

125.77

Zinc MCX Feb-13

110.78

111.62

112.03

112.87

113.28