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 July 06, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26146 26240 26310 26404 26474
Silver 35681 35912 36062 36293 36443
Crude 3441 3476 3544 3579 3647
Natural Gas 171.53 173.87 177.83 180.17 184.13
Copper 352.8 361.3 367.9 376.4 383
Nickel 750.4 755.9 765.8 771.3 781.2
Lead 111.03 111.62 112.43 113.02 113.83
Zinc 126.22 127.33 128.27 129.38 130.32
Aluminium 106.33 106.87 107.83 108.37 109.33