Metals and Energy Technical Report - August 24, 2015 : Angel Commodities

Published: Aug 24, 2015 16:27

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Intraday Strategy: Buy MCX Oct Gold between 27130-27180, SL- 27000, Target-27400 / 27500.

By Paul Ploumis 24 Aug 2015 Last updated at 00:56:39 GMT

Intraday Strategy: Buy MCX Oct Gold between 27130-27180, SL- 27000, Target-27400 / 27500

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Up	27000	27150	27239	27400	27600
Spot Gold			Up	1153	1159	1163	1170	1178
Gold Hedge	NCDEX	Sept	Up	24470	24610	24691	2483	25020
Silver	MCX	Sept	Up	35600	35900	36200	36600	37000
Spot Silver			Up	15.00	15.20	15.29	15.40	15.63
Silver Hedge	NCDEX	Aug	Up	31970	32270	32576	32970	33375
Base Metal
Copper			Sideways	4975	5005	5046	5080	5125
Copper	MCX	Aug	Sideways	333	335	337.75	340	343
Zinc	MCX	Aug	Sideways	115.00	116.00	117.00	118.00	119.00
Lead	MCX	Aug	Sideways	111.00	112.00	113.05	114.00	115.00
Aluminium	MCX	Aug	Up	99.50	100.50	101.45	102.50	103.50
Nickel	MCX	Aug	Down	660	668	674.3	685	695
Energy
Crude Oil	MCX	Aug	Down	2600	2640	2684	2750	2830
Crude Oil	NYMEX	Sept	Down	38.30	38.90	39.59	40.20	40.85
Crude Oil	NCDEX	Aug	Down	2610	2650	2695	2740	2780
Brent Crude Oil	MCX	Sept	Down	3030	3070	3120	3160	3205
Brent Crude Oil	ICE	Oct	Down	43.40	44.00	44.69	45.35	45.90
Natural Gas	MCX	Aug	Sideways	173	175	177.9	180	183

Recommendations

Gold MCX Oct Contract

Intraday Strategy: Buy MCX Oct Gold between 27130 – 27180, SL – 27000, Target – 27400 / 27500

Crude Oil MCX Aug Contract

Intraday Strategy: Sell MCX Aug Crude Oil between 2750 – 2760, SL – 2830, Target – 2640 / 2630

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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