Metals and Energy Technical Report - August 19, 2015 : Angel Commodities

Published: Aug 19, 2015 13:37 (GMT+8)

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Intraday Strategy: Sell MCX Sept Silver between 35050 – 35100, SL – 35400, Target – 34400 / 34300.

By Paul Ploumis 19 Aug 2015 Last updated at 00:37:01 GMT

Intraday Strategy: Sell MCX Sept Silver between 35050 – 35100, SL – 35400, Target – 34400 / 34300

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Sideways	25800	25900	26008	26100	26200
Spot Gold			Sideways	1108	1112	1117	1121	1125
Gold Hedge	NCDEX	Sept	Sideways	23350	23450	23547	23630	23720
Silver	MCX	Sept	Down	34100	34400	34794	35100	35400
Spot Silver			Down	14.50	14.70	14.87	15.00	15.20
Silver Hedge	NCDEX	Aug	Down	30520	30830	31220	31530	31820
Base Metal
Copper			Down	4910	4940	5000	5030	5080
Copper	MCX	Aug	Down	325	327	330.9	333	336
Zinc	MCX	Aug	Down	113.50	114.50	115.70	116.50	117.50
Lead	MCX	Aug	Down	108.00	109.00	110.25	111.00	112.00
Aluminium	MCX	Aug	Sideways	98.50	99.50	100.75	101.50	102.50
Nickel	MCX	Aug	Down	662	670	679.8	685	695
Energy
Crude Oil	MCX	Aug	Down	2700	2740	2779	2820	2870
Crude Oil	NYMEX	Sept	Down	41.30	41.90	42.51	43.10	43.90
Crude Oil	NCDEX	Aug	Down	2645	2690	2724	2765	2815
Brent Crude Oil	MCX	Sept	Down	3170	3210	3250	3290	3340
Brent Crude Oil	ICE	Oct	Down	47.40	48.00	48.60	49.20	49.90
Natural Gas	MCX	Aug	Down	173	175	177.4	179	182

Recommendations

Silver MCX Sept Contract

Intraday Strategy: Sell MCX Sept Silver between 35050 – 35100, SL – 35400, Target – 34400 / 34300

Natural Gas MCX Aug Contract

Intraday Strategy: Sell MCX Aug Natural Gas between 179 – 180, SL – 182, Target – 175 / 174

Courtesy : Angel Commodities

base metal base metals prices

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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