Daily Intraday Pivot Points for Commodity and MCX
Pivot point is an indicator that helps you to determine trend of the market for various time frames. It is a technical analysis term used to indicate the exact direction of the market. If we tend to describe pivot calculator in straightforward term then it’s average of high, low and shutting costs derived from the previous day trading data : e.g. High, Low and Close
Best Fibonacci Pivot Calculator by Crude Operator
As I said that Fibonacci pivot point levels for crude oil or any MCX or Commodity scripts are messily gained by calculating Pivot point with standard method. The next step is to multiply the previous day range with it’s Fibonacci level. Most of the professional crude oil traders prefer to use 38.2%, 61.8% and 100% replacements as entry or exit point while trading in MCX gold or crude oil scripts.
MCX INTRADAY SUPPORT LEVEL – Dt. 22/04/2020
| COMMODITY | SUP 2 | SUP 1 | PIVOT | RES 1 | RES 2 |
| ALUMINIUM MAY | 130.05 | 131.35 | 132.65 | 133.85 | 135.2 |
| COPPER – APR | 366.7 | 374.8 | 385.1 | 393.25 | 403.4 |
| CRUDEOIL – MAY | 945 | 1120 | 1260 | 1385 | 1545 |
| GOLD – JUN | 44635 | 44910 | 45460 | 45965 | 46235 |
| LEADMINI – APR | 124.35 | 127.9 | 131.8 | 135.4 | 139.4 |
| NAT GAS – APR | 130.6 | 138.7 | 144.4 | 149.8 | 152.6 |
| NICKEL APR | 892 | 912 | 935 | 952 | 970 |
| SILVER MAY | 40510 | 41135 | 41985 | 42625 | 43050 |
| ZINC MAY | 141.6 | 144.4 | 148.9 | 152.8 | 157.35 |
MCX Crude Oil Pivot Points Table : Free Daily Updates
This page is updated daily to give you daily pivot points and Fibonacci levels for most of the scripts like Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Lead, Zinc, Aluminum etc. By following these pivot points, you can easily determine best entry points in the market. When you market moving around pivot points then it can indicate two signals : either it goes for break out or come back for price reversal.
MCX Daily Pivot Points table will show you daily support resistance with 3 major and minor points. So the main factor to create pivot or Fibo table is previous days high, low and closing price. It’s big headache to count daily pivot points for traders and that’s why we have introduced this page where you can come back daily and get the daily pivot and Fibonacci levels.
Can We Make Profit With Pivot Points or Fibonacci Levels ?
Many new traders consider this table as the hero signal which indicates sure shot trading entry points. But that is wrong myth, you can definitely trust pivot tables to trade in crude, gold or any scripts but that never guarantees the 100% success.
Most of the traders place advanced trade for certain points but we see that market just touch those points and reverse back to other direction. And traders hold the trades with a hope for the market to come back in desired direction and they often bare loss.
If you want to make decent income with crude oil trading then forget everything. Just contact us to see how our premium crude oil trading packages can secure daily profit. You can start our weekly trial with small fees and test our success rate for 7 days trial period.
Pivot points can be seen for daily, weekly, monthly and different periods which depends in your trading strategy. But still you must use it just as a decision supportive tool. There are many factors out there to determine the MCX scripts movements for crude, gold, silver and all scripts.
No single strategy can work daily which have learned from YouTube videos, those people just wants make money by sharing basic trading tips but you must not risk your money to try their tips. Call here +91-9022610061 to check how we can deliver best crude oil tips that takes care of pivot points, and other market movement factors.
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