[Base Metal]Metals and Energy Technical Report - august 06, 2015 : Angel Commodities

By Paul Ploumis 06 Aug 2015 Last updated at 00:58:23 GMT

Intraday Strategy: Sell MCX Aug Lead between 110.40-110.60, SL -111.50, Target -108.50 / 108.30

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Sideways	24400	24550	24691	24800	24950
Spot Gold			Sideways	1070	1077	1083	1088	1094
Gold Hedge	NCDEX	Sept	Sideways	22110	22245	22373	22470	22610
Silver	MCX	Sept	Sideways	33000	33200	33479	33700	34000
Spot Silver			Sideways	14.30	14.50	14.55	14.65	14.80
Silver Hedge	NCDEX	Aug	Sideways	29545	29740	30025	30245	30540
Base Metal
Copper			Down	5080	5120	5171	5210	5255
Copper	MCX	Aug	Down	326	328	331.7	334	337
Zinc	MCX	Aug	Down	118.50	119.50	120.70	121.50	122.50
Lead	MCX	Aug	Down	107.50	108.50	109.45	110.50	111.50
Aluminium	MCX	Aug	Down	109.00	100.00	100.90	112.00	113.00
Nickel	MCX	Aug	Down	678	685	692.3	700	708
Energy
Crude Oil	MCX	Aug	Sideways	2800	2840	2888	2930	2990
Crude Oil	NYMEX	Sept	Sideways	43.80	44.40	45.15	45.80	46.75
Crude Oil	NCDEX	Aug	Sideways	2890	2930	2984	3030	3085
Brent Crude Oil	MCX	Aug	Sideways	3155	3195	3241	3285	3345
Brent Crude Oil	ICE	Sept	Sideways	48.30	48.90	49.66	50.30	51.22
Natural Gas	MCX	Aug	Sideways	base metal Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations. For any inquiries or for more information, please contact: lemonzhao@smm.cn For more information on how to access our research reports, please contact:service.en@smm.cn Related News 5 hours ago Aluminum Processing Rate Falls to 60.1%, Sectors Stagnate Amid Deepening Off-Season Read More Aluminum Processing Rate Falls to 60.1%, Sectors Stagnate Amid Deepening Off-Season Overall, this week the aluminum processing industry remained in the doldrums under the dual pressure of deepening off-season effects and the aluminum price rebound. Export support faded, and recovery in domestic demand was slow. It is expected that the overall operating rate of the aluminum processing industry will maintain a weak trend in August. 5 hours ago 6 hours ago Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs [SMM Analysis] Read More Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs [SMM Analysis] [SMM Analysis]Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs, Awaiting Peak Season Breakthrough 6 hours ago 7 hours ago Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs, Awaiting Peak Season Breakthrough [SMM Analysis] Read More Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs, Awaiting Peak Season Breakthrough [SMM Analysis] [SMM Analysis: Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs Awaiting Peak Season Breakthrough] Entering August, ADC12 prices are expected to continue to consolidate at highs. Cost side, currently tight supply of aluminum scrap and high tax invoice compliance costs... 7 hours ago Related News Aluminum Processing Rate Falls to 60.1%, Sectors Stagnate Amid Deepening Off-Season Aug 06, 2026 22:21 Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs [SMM Analysis] Aug 06, 2026 21:06 Cost Support and Demand Constraints Coexist, ADC12 Consolidates at Highs, Awaiting Peak Season Breakthrough [SMM Analysis] Aug 06, 2026 19:46 SHFE Cast Aluminum Alloy Warrants Drop Slightly to 17,284 mt on August 6 Aug 06, 2026 17:53 Contact Us For any inquiries or for more information, please contact: Lemon Zhao lemonzhao@smm.cn For more information on how to access our research reports, please contact: SMM Customer Service service.en@smm.cn Shanghai Metals Market Drop us a line service.en@smm.cn +86 021 5155-0306 Live chat via WhatsApp Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. Compliance Statement\|Privacy Policy\|Terms & Conditions\|Holiday Pricing Calendar\|Contact Us\|Careers\|Sitemap Drop us a line service.en@smm.cn +86 021 5155-0306 Live chat via WhatsApp Copyright © 2026 SMM Information & Technology Co., Ltd. All rights reserved.