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Metals and Energy Technical Report - August 12, 2015 : Angel Commodities

iconAug 12, 2015 17:38
Source:SMM
Intraday Strategy: Buy MCX Aug Aluminium between 100.50 – 100.70, SL – 99.50, Target – 102 / 103

By   12 Aug 2015  Last updated at  02:00:12 GMT

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold  MCXOctUp25200 25350 25426 25580 25700
Spot Gold Sideways1100  1107 1110 1117 1122
Gold Hedge  NCDEX SeptSideways22770 22900 22976 23110 23220
Silver  MCX Sept Up34700 35000 35330 35700 36000
Spot SilverSideways14.80 15.00 15.15 15.30 15.50
Silver Hedge  NCDEX Aug Sideways31150 31450 31779 32150 32450
 Base Metal
 Copper Sideways5070  5100 5140 5180 5210
 Copper  MCX Aug Sideways328 330 332.40 335 337
 Zinc  MCX Aug Sideways114.00 115.00 116.15 117.00 118.00
 Lead  MCXAug Sideways108.50 109.50 110.40 111.50 112.50
 Aluminium  MCX Aug Sideways99.50 100.50 101.15 102.00 103.00
 Nickel MCX Aug Sideways675  682 690.90 699 708
 Energy
 Crude Oil  MCX AugSideways2700 2740  2780 2830 2890
 Crude Oil  NYMEX SeptSideways41.70 42.40 43.01 43.80 44.70
 Crude Oil  NCDEX AugSideways2850  2890 2929 2980 3040
 Brent Crude OilMCX AugSideways3160 3200 3241 3290 3350
 Brent Crude OilICE SeptSideways47.60 48.20 48.81 49.60 50.50
 Natural GasMCX AugUp178 180  183 186 188

Recommendations

Aluminium MCX Aug Contract

Intraday Strategy: Buy MCX Aug Aluminium between 100.50 – 100.70, SL – 99.50, Target – 102 / 103

Gold MCX Oct Contract

Intraday Strategy: Buy MCX Oct Gold between 25320 – 25350, SL – 25200, Target – 25580 / 25600

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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