[Base Metals] Metals and Energy Technical Report - July 17, 2015 : Angel Commodities

Published: Jul 17, 2015 17:43

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Intraday Strategy: Sell MCX July Lead between 116.60 - 116.70, SL - 117.50, Target - 115.10

By Paul Ploumis 17 Jul 2015 Last updated at 02:03:38 GMT

Intraday Strategy: Sell MCX July Lead between 116.60 - 116.70, SL - 117.50, Target - 115.10

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Aug	Down	25540	25650	25771	25860	25980
Spot Gold			Down	1134	1139	1144.40	1149.50	1155
Gold Hedge	NCDEX	July	Down	23120	23200	23276	23360	23450
Silver	MCX	Sept	Down	33900	34150	34504	34750	35100
Spot Silver			Down	14.72	14.85	15.01	15.13	15.28
Silver Hedge	NCDEX	Aug	Down	30400	30600	30861	31050	31300
Base Metal
Copper	LME		Down	5485	5515	5561	5595	5635
Copper	MCX	Aug	Down	351	353	356.30	359	362
Zinc	MCX	July	Down	129.60	130.40	131.30	132.00	132.90
Lead	MCX	July	Down	114.30	115.10	116.00	116.70	117.50
Aluminium	MCX	July	Down	105.20	106.00	106.90	107.50	108.30
Nickel	MCX	July	Down	715	725	736.10	745	754
Energy
Crude Oil	MCX	July	Down	3190	3220	3255	3280	3320
Crude Oil	NYMEX	Aug	Down	50.00	50.40	50.90	51.30	51.90
Crude Oil	NCDEX	July	Down	3230	3265	3303	3330	3370
Brent Crude Oil	MCX	July	Down	3550	3610	3662	3715	3765
Brent Crude Oil	ICE	Aug	Down	55.80	56.40	56.96	57.50	58.10
Natural Gas	MCX	July	Down	174	178	181.40	183	186

Recommendations

Lead MCX July Contract

Intraday Strategy: Sell MCX July Lead between 116.60 - 116.70, SL - 117.50, Target - 115.10

Crude Oil MCX July Contract

Intraday Strategy: Sell MCX July Crude oil between 3280 – 3290, SL – 3320, Target – 3220

Courtesy : Angel Commodities

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from "Angel Commodities Broking (P) Ltd". Your feedback is appreciated on commodities@angelbroking.com

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