MCX Commodities Trading Levels for July 11, 2017

Trading as per support and resistance levels may be quite useful for daily trading in commodities.

  • Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
  • Support is the level where a stock get buying interest before it can fall further.

Under the normal market conditions or in the absence 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 stock at support levels and sell at resistance levels.
In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.

Support Resistance Levels for Major MCX Commodity Futures for July 11, 2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27528 27660 27733 27865 27938
Silver 35061 35798 36194 36931 37327
Crude 2794 2835 2863 2904 2932
Natural Gas 182.40 185.90 188.10 191.60 193.80
Copper 374.37 376.63 378.72 380.98 383.07
Nickel 569.13 575.47 579.43 585.77 589.73
Lead 145.20 146.90 147.90 149.60 150.60
Zinc 175.63 177.22 178.83 180.42 182.03
Aluminium 120.20 121.10 122.75 123.65 125.30
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