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 22, 2014

Commodity Support 2 Support 1 Pivot Resistance 1 Resistance 2
Gold 27365 27447 27543 27625 27721
Silver 38312 38524 38749 38961 39186
Copper 402.25 406.45 409.2 413.4 416.15
Nickel 913.233 924.367 933.633 944.767 954.033
Lead 120.733 122.417 123.283 124.967 125.833
Zinc 131.6 133.5 134.65 136.55 137.7
Aluminium 118.23 119.77 120.83 122.37 123.43
Crude Oil 4950 4984 5051 5085 5152
Natural Gas 221.17 223.63 225.27 227.73 229.37

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