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 May 03, 2016

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 30059 30177 30357 30475 30655
Silver 40541 40879 41427 41765 42313
Crude Oil 2906 2946 3010 3050 3114
Natural Gas 133.53 135.67 139.33 141.47 145.13
Copper 331.62 333.78 337.02 339.18 342.42
Nickel 621.43 625.27 630.93 634.77 640.43
Lead 118.67 119.08 119.77 120.18 120.87
Zinc 127.25 127.90 128.95 129.60 130.65
Aluminium 110.52 110.83 111.17 111.48 111.82