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

iconAug 17, 2015 15:27
Source:SMM
Intraday Strategy: Sell MCX Aug Crude Oil between 2830 – 2840, SL – 2880, Target – 2740 / 2730

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

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold  MCXOctSideways25500 25600 25768 25850 25980
Spot Gold Sideways1103  1108 1115 1119 1124
Gold Hedge  NCDEX SeptSideways23100 23190 23345 23420 23540
Silver  MCX Sept Sideways34900 35200 35429 35700 36000
Spot SilverSideways15.00 15.20 15.24 15.30 15.50
Silver Hedge  NCDEX Aug Sideways31400 31700 31931 32200 32502
 Base Metal
 Copper Sideways5055 5100 5156 5190 5240
 Copper  MCX Aug Sideways332  335 338.6 341 344
 Zinc  MCX Aug Sideways117.50 118.50 119.40 120.50 121.50
 Lead  MCXAug Sideways112.00 113.00 114.10 115.00 116.00
 Aluminium  MCX Aug Up99.50 100.50 101.50 102.50 103.50
 Nickel MCX Aug Sideways675 684 692.9 700 708
 Energy
 Crude Oil  MCX AugDown2700 2740 2780 2830 2880
 Crude Oil  NYMEX SeptDown40.70 41.32 41.92 42.67 43.40
 Crude Oil  NCDEX AugDown2670 2710  2750 2800 2850
 Brent Crude OilMCX SeptDown3170  3210 3250 3300 3350
 Brent Crude OilICE OctDown47.30 47.90 48.56 49.30 50.05
 Natural GasMCX AugUp176 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

 

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