MCX Copper Pivot Level Live Chart
About Copper Futures Contracts
The futures contract for copper is traded at the New York Mercantile Exchange (NYMEX) through its Commodity Exchange (COMEX) division and London Metal Exchange (LME).
In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.
MCX Daily Pivot Point table will show you daily support resistance with 3 major and minor points. So the main factor to create pivot Point is previous days high, low and closing price. It’s a big headache to count daily pivot points for traders and that’s why we have introduced this page where you can come back daily and get the daily pivot levels. This page is updated daily to give you daily pivot points levels for most of the scripts like Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Lead, Zinc