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MCX Metals Support & Resistance for 18th 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 18th December 2012;

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Dec-12

113.02

113.78

114.62

115.38

116.22

Copper MCX Feb-13

442.65

444.75

446.85

448.95

451.05

Nickel MCX Dec-12

956.70

961.70

969.20

974.20

981.70

Lead MCX Dec-12

122.98

124.37

125.13

126.52

127.28

Zinc MCX Dec-12

111.60

112.35

112.85

113.60

114.10