MCX Commodities Trading Levels for July 13, 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 13, 2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27704 27773 27874 27943 28044
Silver 36422 36696 36941 37215 37460
Crude 2845 2899 2948 3002 3051
Natural Gas 188.27 190.13 193.27 195.13 198.27
Copper 379.10 381.15 383.40 385.45 387.70
Nickel 587.43 589.87 594.13 596.57 600.83
Lead 146.65 147.65 149.20 150.20 151.75
Zinc 178.65 180.15 182.65 184.15 186.65
Aluminium 119.85 120.55 121.55 122.25 123.25
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