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

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

Industry News 04:27:58PM Aug 24, 2015 Source:SMM

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

CommodityExchangeContract TrendS2S1LTPR1R2
Gold MCXOctUp27000 27150 27239 27400 27600
Spot Gold 

Up1153 1159 1163 1170 1178
Gold Hedge NCDEX SeptUp24470 24610 24691 2483 25020
Silver MCX Sept Up35600 35900 36200 36600 37000
Spot Silver

Up15.00 15.20 15.29 15.40 15.63
Silver Hedge NCDEX Aug Up31970 32270 32576 32970 33375
 Base Metal
 Copper 

Sideways4975 5005 5046 5080 5125
 Copper MCX Aug Sideways333 335 337.75 340 343 
 Zinc MCX Aug Sideways115.00 116.00 117.00 118.00 119.00
 Lead MCXAug Sideways111.00 112.00 113.05 114.00 115.00
 Aluminium MCX Aug Up99.50 100.50 101.45 102.50 103.50
 NickelMCX Aug Down660  668 674.3 685 695
 Energy
 Crude Oil MCX AugDown2600 2640 2684 2750 2830
 Crude Oil NYMEX SeptDown38.30 38.90 39.59 40.20 40.85
 Crude Oil NCDEX AugDown2610 2650 2695 2740 2780
 Brent Crude OilMCX SeptDown3030 3070 3120 3160 3205
 Brent Crude OilICE OctDown43.40 44.00 44.69 45.35 45.90
 Natural GasMCX AugSideways173  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


Key Words:  base metal  base metals prices 

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

Industry News 04:27:58PM Aug 24, 2015 Source:SMM

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

CommodityExchangeContract TrendS2S1LTPR1R2
Gold MCXOctUp27000 27150 27239 27400 27600
Spot Gold 

Up1153 1159 1163 1170 1178
Gold Hedge NCDEX SeptUp24470 24610 24691 2483 25020
Silver MCX Sept Up35600 35900 36200 36600 37000
Spot Silver

Up15.00 15.20 15.29 15.40 15.63
Silver Hedge NCDEX Aug Up31970 32270 32576 32970 33375
 Base Metal
 Copper 

Sideways4975 5005 5046 5080 5125
 Copper MCX Aug Sideways333 335 337.75 340 343 
 Zinc MCX Aug Sideways115.00 116.00 117.00 118.00 119.00
 Lead MCXAug Sideways111.00 112.00 113.05 114.00 115.00
 Aluminium MCX Aug Up99.50 100.50 101.45 102.50 103.50
 NickelMCX Aug Down660  668 674.3 685 695
 Energy
 Crude Oil MCX AugDown2600 2640 2684 2750 2830
 Crude Oil NYMEX SeptDown38.30 38.90 39.59 40.20 40.85
 Crude Oil NCDEX AugDown2610 2650 2695 2740 2780
 Brent Crude OilMCX SeptDown3030 3070 3120 3160 3205
 Brent Crude OilICE OctDown43.40 44.00 44.69 45.35 45.90
 Natural GasMCX AugSideways173  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


Key Words:  base metal  base metals prices