Intraday Strategy: Sell MCX Aug Copper between 338 – 339, SL – 342, Target – 332 / 330
Morning Technical Levels for Metals and Energy
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Gold MCX Oct Down 24800 24900 25009 25100 25200
Spot Gold Down 1084 1088 1093 1097 1101
Gold Hedge NCDEX Sept Down 22460 22550 22646 22730 22820
Silver MCX Sept Down 33600 33800 34025 34300 34600
Spot Silver Down 14.50 14.60 14.70 14.80 14.95
Silver Hedge NCDEX Aug Down 30130 30330 30558 30830 31133
Base Metal
Copper Down 5140 5160 5220 5260 5290
Copper MCX Aug Down 330 332 335.4 338 342
Zinc MCX Aug Down 121.00 122.00 122.90 124.00 125.00
Lead MCX Aug Down 107.00 108.00 109.10 110.00 111.00
Aluminium MCX Aug Down 101.00 102.00 102.90 104.00 105.00
Nickel MCX Aug Down 697 704 711.8 719 728
Energy
Crude Oil MCX Aug Sideways 2940 2980 3038 3080 3130
Crude Oil NYMEX Sept Sideways 45.30 45.90 46.79 47.40 48.20
Crude Oil NCDEX Aug Sideways 3070 3110 3169 3210 3260
Brent Crude Oil MCX Aug Sideways 3420 3460 3516 3560 3610
Brent Crude Oil ICE Sept Sideways 50.40 50.90 51.83 52.45 53.20
Natural Gas MCX Aug Sideways 170 172 174.8 177 180
Courtesy : Angel Commodities
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn