Support & Resistance

Trading as per support and resistance levels may be quite useful for intraday 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 April 17, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26408 26526 26685 26803 26962
Silver 35778 36147 36493 36862 37208
Crude 3384 3476 3527 3619 3670
Natural Gas 155.87 161.23 164.67 170.03 173.47
Copper 386.77 384.88 374.22 372.33 361.67
Nickel 786.30 791.80 799.30 804.80 812.30
Lead 123.45 125.50 126.55 128.60 129.65
Zinc 136.40 137.55 138.45 139.60 140.50
Aluminium 112.90 113.50 114.50 115.10 116.10