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

Published: Jul 22, 2015 16:15

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

By Paul Ploumis 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

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
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	Aug	Sideways	3130	3180	3239	3280	3330
Brent Crude Oil	MCX	Aug	Sideways	3550	3600	3662	3690	3760
Brent Crude Oil	ICE	Sept	Sideways	54.90	55.70	56.56	57.10	58.00
Natural Gas	MCX	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 Gold Trading Tips MCX Crude Oil Zinc

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