MCX Trading as per Support and Resistance Levels

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MCX Trading as per Support and Resistance Levels

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Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.

Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying/selling.
In general, it’s suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called Support 1, Support 2, Resistance 1, Resistance 2, etc

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

Date : 26-04-2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
MCX Gold 28576 28692 28881 28997 29186
MCX Silver 39877 40148 40618 40889 41359
MCX Crude 3138 3161 3178 3201 3218
MCX Natural Gas 192.47 193.83 195.97 197.33 199.47
MCX Copper 358.65 362.55 364.9 368.8 371.15
MCX Nickel 588.27 591.93 595.17 598.83 602.07
MCX Lead 137.33 138.42 139.53 140.62 141.73
MCX Zinc 164.82 165.78 166.92 167.88 169.02
MCX Aluminium 123.8 124.65 125.2 126.05 126.6

 


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