MCX Commodities Trading Levels for July 12, 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 12, 2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27602 27715 27790 27903 27978
Silver 35789 36270 36541 37022 37293
Crude 2799 2855 2890 2946 2981
Natural Gas 186.00 191.40 194.20 199.60 202.40
Copper 376.58 379.52 381.33 384.27 386.08
Nickel 573.23 582.97 588.83 598.57 604.43
Lead 146.02 147.28 148.97 150.23 151.92
Zinc 176.62 179.38 180.97 183.73 185.32
Aluminium 121.10 121.65 122.10 122.65 123.10
Bookmark the permalink.