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 March 31, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26094 26177 26317 26400 26540
Silver 37007 37219 37623 37835 38239
Crude 2941 2976 3033 3068 3125
Natural Gas 162.90 164.90 166.70 168.70 170.50
Copper 381.22 382.89 384.89 386.56 388.56
Nickel 773.97 786.63 810.47 823.13 846.97
Lead 112.88 113.52 113.98 114.62 115.08
Zinc 128.77 129.98 130.62 131.83 132.47
Aluminium 110.40 111.05 111.60 112.25 112.80