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 March 6, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 26321 26398 26512 26589 26703
Silver 36191 36361 36569 36739 36947
Crude 3132 3170 3223 3261 3314
Natural Gas 169.67 173.63 175.77 179.73 181.87
Copper 366.27 367.63 369.97 371.33 373.67
Nickel 857.67 872.13 880.47 894.93 903.27
Lead 109.55 111.30 112.50 114.25 115.45
Zinc 125.10 125.60 126.30 126.80 127.50
Aluminium 111.25 111.85 112.50 113.10 113.75