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 September 4, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26147 26261 26446 26560 26745
Silver 34730 35052 35454 35776 36178
Crude 2936 2999.33 3105.67 3169.33 3275.67
Natural Gas 172.97 176.73 179.17 182.93 185.37
Copper 341.38 346.72 352.33 357.67 363.28
Nickel 646.47 653.23 663.77 670.53 681.07
Lead 111.80 112.50 113.85 114.55 115.90
Zinc 118.72 119.43 120.87 121.58 123.02
Aluminium 105.02 106.28 107.37 108.63 109.72