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 January 23, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27520 27773 28004 28257 28488
Silver 38939 39507 39971 40539 41003
Crude 2731 2807.67 2927.33 3003.67 3123.33
Natural Gas 158.73 165.27 176.53 183.07 194.33
Copper 344.62 347.58 352.57 355.53 360.52
Nickel 875.77 889.53 911.27 925.03 946.77
Lead 113.52 114.28 115.67 116.43 117.82
Zinc 129.45 130.25 131.50 132.30 133.55
Aluminium 112.75 113.55 115.05 115.85 117.35