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

iconJul 17, 2015 17:43
Source:SMM
​Intraday Strategy: Sell MCX July Lead between 116.60 - 116.70, SL - 117.50, Target - 115.10

By   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

CommodityExchangeContract TrendS2S1LTPR1R2
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 14.7214.85 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  725 736.10745 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 32653303 3330 3370
 Brent Crude OilMCX July Down 3550 3610 3662 3715 3765
 Brent Crude OilICE Aug Down 55.80 56.40 56.96 57.50 58.10
 Natural GasMCX 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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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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