[Metal Price] Metals and Energy Technical Report - July 27, 2015 : Angel Commodities

Published: Jul 27, 2015 16:13

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Intraday Strategy: Buy MCX July Lead between 108.40 - 108.60, SL-107.50, Target - 110.50 / 110.70

By Paul Ploumis 27 Jul 2015 Last updated at 03:15:18 GMT

Intraday Strategy: Buy MCX July Lead between 108.40 - 108.60, SL-107.50, Target - 110.50 / 110.70

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Aug	Sideways	24500	24600	24731	24860	25000
Spot Gold			Sideways	1087	1091	1097	1103	1109
Gold Hedge	NCDEX	July	Sideways	22140	22230	22349	22470	22590
Silver	MCX	Sept	Sideways	33300	33500	33702	34000	34300
Spot Silver			Sideways	14.40	14.60	14.61	14.80	14.90
Silver Hedge	NCDEX	Aug	Sideways	29800	30004	30206	30510	30805
Base Metal
Copper	LME		Sideways	5140	5190	5240	5280	5330
Copper	MCX	Aug	Sideways	334	337	340.25	343	346
Zinc	MCX	July	Sideways	123.50	124.50	125.40	126.50	127.50
Lead	MCX	July	Sideways	107.50	108.50	109.50	110.50	111.50
Aluminium	MCX	July	Sideways	101.50	102.50	103.25	104.20	105.20
Nickel	MCX	July	Sideways	710	718	726.7	733	741
Energy
Crude Oil	MCX	Aug	Down	3000	3050	3098	3140	3190
Crude Oil	NYMEX	Sept	Down	46.50	47.30	48.03	48.70	49.50
Crude Oil	NCDEX	Aug	Sideways	3070	3120	3168	3210	3260
Brent Crude Oil	MCX	Aug	Sideways	3570	3615	3662	3710	3755
Brent Crude Oil	ICE	Sept	Sideways	53.15	53.90	54.61	55.25	55.90
Natural Gas	MCX	July	Sideways	173	175	178.7	181	183

Recommendations

Lead MCX July Contract

Intraday Strategy: Buy MCX July Lead between 108.40 – 108.60, SL – 107.50, Target – 110.50 / 110.70

Natural Gas MCX July Contract

Intraday Strategy: Sell MCX July Natural Gas between 180.50 – 181, SL – 183, Target – 175 / 174.50

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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