[Metal Price] Metals and Energy Technical Report - august 07, 2015 : Angel Commodities

Published: Aug 7, 2015 13:10

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Intraday Strategy: Sell MCX Aug Zinc between 119.90 – 120, SL- 121, Target-118 / 117.80

By Paul Ploumis 07 Aug 2015 Last updated at 00:45:46 GMT

Intraday Strategy: Sell MCX Aug Zinc between 119.90 – 120, SL- 121, Target-118 / 117.80

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Sideways	24550	24650	24788	24880	25000
Spot Gold			Sideways	1078	1082	1088	1092	1097
Gold Hedge	NCDEX	Sept	Sideways	22190	22290	22414	22490	22610
Silver	MCX	Sept	Sideways	33100	33400	33708	34000	34200
Spot Silver			Sideways	14.40	14.55	14.67	14.80	14.90
Silver Hedge	NCDEX	Aug	Sideways	29600	29900	30210	30510	30702
Base Metal
Copper			Down	5085	5130	5165	5195	5240
Copper	MCX	Aug	Down	326	329	331.15	333	336
Zinc	MCX	Aug	Down	117.00	118.00	118.95	120.00	121.00
Lead	MCX	Aug	Down	107.00	108.00	108.90	110.00	111.00
Aluminium	MCX	Aug	Down	98.50	99.50	100.55	101.50	102.50
Nickel	MCX	Aug	Down	680	688	694.1	705	715
Energy
Crude Oil	MCX	Aug	Sideways	2770	2810	2847	2890	2940
Crude Oil	NYMEX	Sept	Sideways	43.50	44.20	44.77	45.45	46.20
Crude Oil	NCDEX	Aug	Sideways	2870	2910	2945	2980	3040
Brent Crude Oil	MCX	Aug	Sideways	3165	3210	3241	3285	3335
Brent Crude Oil	ICE	Sept	Sideways	48.40	49.10	49.65	50.30	51.10
Natural Gas	MCX	Aug	Sideways	176	178	180.2	182	184

Recommendations

Zinc MCX Aug Contract

Intraday Strategy: Sell MCX Aug Zinc between 119.90 – 120, SL – 121, Target – 118 / 117.80

Gold MCX Oct Contract

Intraday Strategy: Sell MCX Oct Gold between 24850 – 24900, SL – 25000, Target – 24650 / 24620

Courtesy : Angel Commodities

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