MCX Agri Commodities Weekly Pivot Supports and Resistances for Jan'14 ''2013

MCX Agri Commodities Weekly Pivot Supports and Resistances for Jan'14
Commodity	S3	S2	S1	PP	R1	R2	R3
Cardamom	923.77	948.63	980.17	1005.03	1036.57	1061.43	1092.97
Cotton	16016.67	16153.33	16246.67	16383.33	16476.67	16613.33	16706.67
CPO	407.63	418.37	424.53	435.27	441.43	452.17	458.33
Kapas	874.93	892.97	903.73	921.77	932.53	950.57	961.33
Kapaskhali	1290.33	1312.17	1333.33	1355.17	1376.33	1398.17	1419.33
Menthaoil	1312.50	1346.90	1374.70	1409.10	1436.90	1471.30	1499.10

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 prediciton of Market s downside point/Support/Trend reversal point.

Related Links:

• MCX live Rate
• MCX Trading with Pivot Levels
• MCX Commodities Weekly Pivot Supports and Resistances for Jan'14
• Commodities Weekly Pivot,Supports&Resistances for Jan'14 in U S Market