• Free Trial

    To register free trial, send SMS "MCX TRIAL" to 9227555544

Support & Resistance

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 December 02, 2016

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 28200 28200 28200 28200 28200
Silver 39999 40041 40061 40103 40123
Crude Oil 3443 3456 3477 3490 3511
Natural Gas 239.37 241.43 242.77 244.83 246.17
Copper 393.18 394.37 396.13 397.32 399.08
Nickel 759.63 761.57 763.13 765.07 766.63
Lead 157.17 157.48 157.72 158.03 158.27
Zinc 183.98 184.22 184.48 184.72 184.98
Aluminium 117.03 117.17 117.33 117.47 117.63