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 May 21, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27115 27200 27270 27355 27425
Silver 38661 38982 39258 39579 39855
Crude 3707 3742 3763 3798 3819
Natural Gas 180.80 183.60 188.20 191.00 195.60
Copper 397.95 399.50 401.30 402.85 404.65
Nickel 810.33 822.07 828.83 840.57 847.33
Lead 121.07 121.98 122.72 123.63 124.37
Zinc 138.25 139.25 140.80 141.80 143.35
Aluminium 110.73 111.27 112.18 112.72 113.63