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 August 4, 2015

Commodity Sup 2 Sup 1 Pivot Res 1 Res 2
Gold 24802 24850 24930 24978 25058
Silver 33077 33260 33612 33795 34147
Crude 2840 2878 2945 2983 3050
Natural Gas 171.53 173.87 176.53 178.87 181.53
Copper 327.48 330.42 332.93 335.87 338.38
Nickel 679.10 686.90 694.20 702.00 709.30
Lead 106.48 107.97 108.78 110.27 111.08
Zinc 119.70 120.85 122.00 123.15 124.30
Aluminium 101.13 101.77 102.38 103.02 103.63