MCX Weekly Pivot Point table will show you Weekly support resistance with 3 major points. So the main factor to create a pivot point is the Previous Week’s high, low and close price. It’s a big headache to count weekly pivot points for a trader and that’s why we have introduced this page where you can come back daily and get the Weekly pivot levels. This page is updated daily to give you Weekly pivot points level for most of the scripts like Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Lead, Zinc,
A technical indicator is derived by calculating the numerical average of a particular stock’s high, low, and closing prices. The pivot point is used as a predictive indicator. If the following day’s market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.