[Metal Price] Metals and Energy Technical Report - august 04, 2015 : Angel Commodities

Published: Aug 4, 2015 13:24

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Intraday Strategy: Sell MCX Sept Silver between 33700-33750, SL-34000, Target -33200 / 33100

By Paul Ploumis 04 Aug 2015 Last updated at 01:04:16 GMT

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Down	24700	24800	24922	25050	25150
Spot Gold			Down	1073	1078	1083	1089	1093
Gold Hedge	NCDEX	Sept	Down	22470	22570	22675	22790	22880
Silver	MCX	Sept	Down	32000	33200	33499	33700	34000
Spot Silver			Down	13.80	14.30	14.42	14.50	14.60
Silver Hedge	NCDEX	Aug	Down	29060	30260	30558	30760	31060
Base Metal
Copper			Down	5090	5135	5176	5215	5260
Copper	MCX	Aug	Down	328	331	333.55	336	339
Zinc	MCX	Aug	Down	120.00	121.00	122.05	123.00	124.00
Lead	MCX	Aug	Down	107.50	108.50	109.40	110.50	111.50
Aluminium	MCX	Aug	Down	100.50	101.50	102.55	103.50	104.50
Nickel	MCX	Aug	Down	680	688	693.9	700	707
Energy
Crude Oil	MCX	Aug	Sideways	2840	2880	2918	2970	3020
Crude Oil	NYMEX	Sept	Sideways	44.25	44.90	45.46	46.30	47.10
Crude Oil	NCDEX	Aug	Sideways	3090	3130	3169	3220	3270
Brent Crude Oil	MCX	Aug	Sideways	3290	3340	3376	3430	3480
Brent Crude Oil	ICE	Sept	Sideways	48.70	49.30	49.87	50.60	51.40
Natural Gas	MCX	Aug	Sideways	172	174	176.3	179	182

Recommendations

Silver MCX Sept Contract

Intraday Strategy: Sell MCX Sept Silver between 33700 – 33750, SL – 34000, Target – 33200 / 33100

Zinc MCX Aug Contract

Intraday Strategy: Sell MCX Aug Zinc between 122.90 – 123.10, SL – 124, Target – 121 / 120.80

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

Metal Price Metals and Energy

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