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[Base Metals] Metals and Energy Technical Report - July 22, 2015 : Angel Commodities

iconJul 22, 2015 16:15
Source:SMM
​Intraday Strategy: Sell MCX Aug Gold between 24970 – 25000, SL - 25100, Target – 24700 / 24650

By   22 Jul 2015  Last updated at  02:38:29 GMT

Intraday Strategy: Sell MCX Aug Gold between 24970 – 25000, SL - 25100, Target – 24700 / 24650

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold  MCX  Aug  Down 24600 24700 24897 25000 25100
Spot Gold  Down 1081 1085 1094 1099 1103
Gold Hedge  NCDEX  July  Down 22190 22280 22464 22550 22650
Silver  MCX  Sept  Down 33400 33800 34022 34300 34700
Spot Silver Down 14.40 14.60 14.70 14.80 14.99
Silver Hedge  NCDEX  Aug  Down 29840 30240 30469 30740 31150
 Base Metal
 Copper  LME Down 5363 5420 5475 5520 5570
 Copper  MCX  Aug  Down 343 347 350.15 353 356
 Zinc  MCX  July Sideways 127.50 128.50 129.45 130.50 131.50
 Lead  MCX July  Sideways 111.00 112.00 112.95 114.00 115.00
 Aluminium  MCX  July  Down 101.50 102.50 103.45 104.50 105.50
 Nickel MCX  July  Down 720 730 739.8 750 758
 Energy
 Crude Oil  MCX  Aug Down 3130 3180 3235 3270 3330
 Crude Oil  NYMEX Sept Down 48.50 49.30 50.15 50.70 51.60
 Crude Oil  NCDEX AugSideways3130 3180 3239 3280 3330
 Brent Crude OilMCX AugSideways3550 3600 3662 3690 3760
 Brent Crude OilICE SeptSideways 54.90 55.70 56.56 57.10 58.00
 Natural GasMCX July Sideways 177 180 183 186 189

Recommendations

Gold MCX Aug Contract

 

Intraday Strategy: Sell MCX Aug Gold between 24970 – 25000, SL – 25100, Target – 24700 / 24650

Crude Oil MCX Aug Contract

Intraday Strategy: Sell MCX Aug Crude oil between 3270 – 3280, SL – 3300, Target – 3180 / 3160

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

Base Metals
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