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MCX Metals Support & Resistance for 12th December 2012

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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.t

MCX Alluminium, , MCX Nickel, MCX Lead and MCX Zinc December-12 &   MCX Copper (February-13), Support and Resistance Levels  for 12th December 2012;

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Dec-12

113.30

113.75

114.60

115.05

115.90

Copper MCX Feb-13

443.57

444.88

446.82

447.93

449.67

Nickel MCX Dec-12

956.07

961.53

965.47

970.93

974.87

Lead MCX Dec-12

122.43

123.22

124.13

124.92

125.83

Zinc MCX Dec-12

110.85

111.35

112.30

112.80

113.75