Tuesday 2 May 2017

MCX Commodity Support & Resistance

MCX Commodity Support & Resistance

MCX Trading as per Support and Resistance Levels is also quite helpful for daily commerce in mcx commodities.
Resistance is termed because the level wherever the artefact usually gets some opposite force before it will go more up.
trading Support is that the level wherever a stock get shopping for interest before it will fall more.
Under the traditional market conditions or within the absence of some extraordinarily panic news the support and therefore the resistance levels will act nearly as good levels for initiating the buying/selling.
In general, it's suggested to shop for the stock at support levels and sell at resistance levels.
In Intraday, there square measure few support and resistance levels called  1 Support , 2 Support , 1 Resistance , 2 Resistance , etc

Intraday MCX Crude Oil & MCX Natural Gas  Support and Pivot Level.

Date : 03-05-2017

MCX CommoditySup 2Sup 1PivotRes 1Res 2
MCX Gold2850128538285912862828681
MCX Silver3875538927392113938339667
MCX Crude Oil29873030310131443215
MCX Natural Gas200.47202.63206.47208.63212.47
MCX Copper371.93374.07376.43378.57380.93
MCX Nickel609.63611.57614.13616.07618.63
MCX Lead142.75143.45144.5145.2146.25
MCX Zinc167.48168.77170.08171.37172.68
MCX Aluminium121.62122.63123.22124.23124.82

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