MCX Commodities Trading Levels for July 14, 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 14, 2017

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27737 27789 27863 27915 27989
Silver 36141 36297 36687 36843 37233
Crude 2870 2917 2950 2997 3030
Natural Gas 187.70 189.60 192.20 194.10 196.70
Copper 377.48 379.17 382.18 383.87 386.88
Nickel 584.80 588.10 592.90 596.20 601.00
Lead 144.90 145.95 147.75 148.80 150.60
Zinc 177.90 179.10 181.20 182.40 184.50
Aluminium 118.83 121.12 122.83 125.12 126.83
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