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 February 08, 2016

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 27132 27335 27456 27659 27780
Silver 35246 35533 35813 36100 36380
Crude Oil 2065 2114 2157 2206 2249
Natural Gas 132.40 136.10 138.50 142.20 144.60
Copper 310.88 313.37 316.23 318.72 321.58
Nickel 527.00 541.40 561.80 576.20 596.60
Lead 118.37 119.33 120.67 121.63 122.97
Zinc 110.95 112.25 114.25 115.55 117.55
Aluminium 100.42 101.33 102.97 103.88 105.52
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