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 October 31, 2014

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26349 26485 26697 26833 27045
Silver 35178 35865 36998 37685 38818
Copper 410.43 413.72 416.78 420.07 423.13
Nickel 928 946 957 975 985
Lead 121.18 121.82 122.93 123.57 124.68
Zinc 139.40 140.45 141.10 142.15 142.80
Aluminium 125.05 125.30 125.55 125.80 126.05
Crude Oil 4940 4974 5014 5048 5088
Natural Gas 231.47 233.63 235.17 237.33 238.87

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