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MCX Mjaor Commodities Support & Resistance for 21st March 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 Bullion
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Gold MCX April-13

    29548

    29615

    29727

    29794

    29906

    Silver MCX May-13

    54031

    54181

    54429

    54579

    54827

  • MCX Energy
  • Commodity

    Support 2

    Support 1

    Pivot

    Resistance 1

    Resistance 2

    Crude Oil MCX Apr-13

    5041

    5067

    5090

    5116

    5139

    Natural Gas MCX Mar-13

    209.07

    212.13

    214.37

    217.43

    219.67

MCX Metals

Commodity

Support 2

Support 1

Pivot

Resistance 1

Resistance 2

Aluminium MCX Mar-13

103.35

103.70

104.25

104.60

105.15

Copper MCX Apr-13

411.75

414.45

416.30

419.00

420.85

Nickel MCX Mar-13

895.67

905.53

911.17

921.03

926.67

Lead MCX Mar-13

116.73

117.47

117.98

118.72

119.23

Zinc MCX Mar-13

103.13

103.52

103.93

104.32

104.73