Metals and Energy Technical Report - August 17, 2015 : Angel Commodities

Published: Aug 17, 2015 15:27

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Intraday Strategy: Sell MCX Aug Crude Oil between 2830 – 2840, SL – 2880, Target – 2740 / 2730

By Paul Ploumis 17 Aug 2015 Last updated at 00:49:01 GMT

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Sideways	25500	25600	25768	25850	25980
Spot Gold			Sideways	1103	1108	1115	1119	1124
Gold Hedge	NCDEX	Sept	Sideways	23100	23190	23345	23420	23540
Silver	MCX	Sept	Sideways	34900	35200	35429	35700	36000
Spot Silver			Sideways	15.00	15.20	15.24	15.30	15.50
Silver Hedge	NCDEX	Aug	Sideways	31400	31700	31931	32200	32502
Base Metal
Copper			Sideways	5055	5100	5156	5190	5240
Copper	MCX	Aug	Sideways	332	335	338.6	341	344
Zinc	MCX	Aug	Sideways	117.50	118.50	119.40	120.50	121.50
Lead	MCX	Aug	Sideways	112.00	113.00	114.10	115.00	116.00
Aluminium	MCX	Aug	Up	99.50	100.50	101.50	102.50	103.50
Nickel	MCX	Aug	Sideways	675	684	692.9	700	708
Energy
Crude Oil	MCX	Aug	Down	2700	2740	2780	2830	2880
Crude Oil	NYMEX	Sept	Down	40.70	41.32	41.92	42.67	43.40
Crude Oil	NCDEX	Aug	Down	2670	2710	2750	2800	2850
Brent Crude Oil	MCX	Sept	Down	3170	3210	3250	3300	3350
Brent Crude Oil	ICE	Oct	Down	47.30	47.90	48.56	49.30	50.05
Natural Gas	MCX	Aug	Up	176	179	182.7	185	187

Recommendations

Crude Oil MCX Aug Contract

Intraday Strategy: Sell MCX Aug Crude Oil between 2830 – 2840, SL – 2880, Target – 2740 / 2730

Aluminium MCX Aug Contract

Intraday Strategy: Buy MCX Aug Aluminium between 100.40 – 100.60, SL – 99.50, Target – 102.50 / 103

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

MCX Crude Oil Aluminium MCX Trading Tips

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.

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