By Paul Ploumis 14 Aug 2015 Last updated at 00:44:52 GMT
Intraday Strategy: Sell MCX Aug Crude Oil between 2805 – 2815, SL – 2860, Target – 2710 / 2700
Morning Technical Levels for Metals and Energy
| Commodity | Exchange | Contract | Trend | S2 | S1 | LTP | R1 | R2 |
| Gold | MCX | Oct | Sideways | 25600 | 25750 | 25895 | 26000 | 26100 |
| Spot Gold | Sideways | 1099 | 1106 | 1112 | 1117 | 1121 | ||
| Gold Hedge | NCDEX | Sept | Sideways | 23210 | 23350 | 23479 | 23570 | 23660 |
| Silver | MCX | Sept | Sideways | 35500 | 35700 | 36007 | 36300 | 36600 |
| Spot Silver | Sideways | 15.10 | 15.25 | 15.35 | 15.40 | 15.60 | ||
| Silver Hedge | NCDEX | Aug | Sideways | 32000 | 32200 | 32511 | 32800 | 33100 |
| Base Metal | ||||||||
| Copper | Sideways | 5060 | 5110 | 5148 | 5180 | 5230 | ||
| Copper | MCX | Aug | Sideways | 334 | 337 | 339.75 | 342 | 345 |
| Zinc | MCX | Aug | Sideways | 117.50 | 118.50 | 119.75 | 120.50 | 121.50 |
| Lead | MCX | Aug | Sideways | 111.50 | 112.50 | 113.55 | 114.50 | 115.50 |
| Aluminium | MCX | Aug | Up | 99.50 | 100.50 | 101.70 | 102.50 | 103.50 |
| Nickel | MCX | Aug | Sideways | 665 | 676 | 683.6 | 692 | 702 |
| Energy | ||||||||
| Crude Oil | MCX | Aug | Down | 2660 | 2710 | 2758 | 2810 | 2860 |
| Crude Oil | NYMEX | Sept | Down | 40.50 | 41.30 | 42.04 | 42.80 | 43.60 |
| Crude Oil | NCDEX | Aug | Down | 2720 | 2770 | 2820 | 2870 | 2920 |
| Brent Crude Oil | MCX | Aug | Down | 3150 | 3200 | 3250 | 3300 | 3350 |
| Brent Crude Oil | ICE | Oct | Down | 47.70 | 48.50 | 49.20 | 49.90 | 50.70 |
| Natural Gas | MCX | Aug | Up | 178 | 181 | 183.5 | 186 | 189 |
Recommendations
Crude Oil MCX Aug Contract
Intraday Strategy: Sell MCX Aug Crude Oil between 2805 – 2815, SL – 2860, Target – 2710 / 2700
Aluminium MCX Aug Contract
Intraday Strategy: Buy MCX Aug Aluminium between 100.40 – 100.60, SL – 99.50, Target – 102.50 / 103
Courtesy : Angel Commodities