Points To Remember when using Pivot levels
Three most important pivot levels are
Pivot point -P
First Resistance-R1
First Support-S1.
In any MCX Commodity opens above Pivot go for Buy with Target of one(or) two point below First Resistance(R1) level &keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be achieved.
In Weekly Pivot levels are useful when MCX market trading in New Range/Levels.Weekly Pivot levels more likely to useful for Trend Reversal/Breakout points.When MCX Market in trading downwards,weekly Pivot levels may give prediction of Market s downside point/Support/Trend reversal point.
Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support & Resistance level are 60-80 % merely correlate with Historical support & resistance.
Supports & Resistances are more helpful for fixing MCX Target & Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.
| Commodity | S3 | S2 | S1 | PP | R1 | R2 | R3 |
| Gold | 30757.00 | 31135.00 | 31339.00 | 31717.00 | 31921.00 | 32299.00 | 32503.00 |
| Silver | 60979.00 | 62045.00 | 62708.00 | 63774.00 | 64437.00 | 65503.00 | 66166.00 |
| Copper | 428.65 | 437.35 | 441.90 | 450.60 | 455.15 | 463.85 | 468.40 |
| Crudeoil | 4378.00 | 4664.00 | 4812.00 | 5098.00 | 5246.00 | 5532.00 | 5680.00 |
| Lead | 113.50 | 116.50 | 118.80 | 121.80 | 124.10 | 127.10 | 129.40 |
| Nickel | 912.50 | 931.40 | 946.50 | 965.40 | 980.50 | 999.40 | 1014.50 |
| Zinc | 104.30 | 107.20 | 109.20 | 112.10 | 114.10 | 117.00 | 119.00 |
| Aluminum | 104.60 | 108.00 | 109.80 | 113.20 | 115.00 | 118.40 | 120.20 |
Related Links
- MCX Live Rates
- MCX Trading with Pivot Levels
- MCX Intraday Calculator/Commodity/Nifty Calculator
- MCX Copper,Lead,Zinc,Nickel,Aluminium Lifetime high &low
- MCX Copper,Lead,Zinc,Nickel,Aluminium 52 weeks high &low
- MCX Crude oil,Natural gas Lifetime High low,52 weeks High Low
- MCX Gold & Silver Lifetime High Low
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