Thursday, 16 May 2019

MCX Commodities Intraday Trading Support,Resistance Levels for 16.05.2019

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 and keeping Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be reached.

First Fundamental Of Pivot Trading after the opening range (first 15-30 min. to one hour), if price is above/below the Pivot, Price Action will strongly tend to remain above/below the Pivot for the session.

In MCX,If Running/Current contract of a commodity not trading specified range/limit,lets use Next contract levels because Support/Resistance s are same for one commodity,Its not differs from contract to contract.That s purpose of Publishing all Contracts of MCX levels.

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 and Resistances are more helpful for fixing MCX Target and Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.
For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.

For MCX Levels click Read more


   MCX Commodities Daily Pivot Supports and Resistances for today(16.05.2019)

Daily MCX levels For Bullions(Gold and Silver)


Commodity
S3
S2
S1
PP
R1
R2
R3
GOLD
31864
32007
32133
32276
32402
32545
32671
GOLD M
31902
32034
32147
32279
32392
32524
32637
GOLD GUINEA
25604
25664
25714
25774
25824
25884
25934
GOLD PETAL
3200
3207
3214
3221
3228
3235
3242
SILVER
37110
37260
37389
37539
37668
37818
37947
SILVER M
37169
37309
37429
37569
37689
37829
37949
SILVER MIC
37164
37307
37428
37571
37692
37835
37956


Daily MCX levels For Base metals


COMMODITY
S3
S2
S1
PP
R1
R2
R3
COPPER
421.4
423.2
426.0
427.8
430.6
432.4
435.2
COPPER MINI
421.6
423.4
426.1
427.8
430.5
432.3
435.0
LEAD
125.0
125.6
126.5
127.1
128.0
128.6
129.5
LEADMINI
125.0
125.6
126.5
127.1
128.0
128.6
129.5
NICKEL
827.5
833.8
845.3
851.6
863.1
869.4
880.9
NICKELM
825.0
832.0
844.4
851.4
863.8
870.8
883.2
ZINC
210.1
211.5
214.3
215.7
218.5
219.9
222.7
ZINCMINI
186.9
188.0
190.0
191.1
193.1
194.2
196.2
ALUMINI
125.6
126.4
127.6
128.3
129.5
130.3
131.5
ALUMINIUM
147.7
148.5
149.6
150.4
151.6
152.4
153.5

Daily MCX levels For Energy Commodities


COMMODITY
S3
S2
S1
PP
R1
R2
R3
CRUDEOIL
4209
4247
4307
4345
4405
4443
4503
CRUDEOIL M
4211
4248
4308
4345
4405
4442
4502
NATURAL GAS
176.7
179.8
182.0
185.1
187.3
190.4
192.6
Daily MCX levels For Agri Commodities


COMMODITY
S3
S2
S1
PP
R1
R2
R3
CARDAMOM
2085.8
2106.8
2147.9
2168.9
2210.0
2231.0
2272.1
COTTON
20723.3
20856.7
21033.3
21166.7
21343.3
21476.7
21653.3
CPO
512.7
517.3
519.9
524.5
527.1
531.7
534.3
MENTHAOIL
1237.4
1242.7
1248.4
1253.7
1259.4
1264.7
1270.4
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