Metals and Energy Technical Report - August 25, 2015 : Angel Commodities

Published: Aug 25, 2015 13:59

Save

Intraday Strategy: Buy MCX Aug Copper between 330-331, SL- 328, Target-338 / 339

By Paul Ploumis 25 Aug 2015 Last updated at 01:07:21 GMT

Intraday Strategy: Buy MCX Aug Copper between 330-331, SL- 328, Target-338 / 339

Morning Technical Levels for Metals and Energy

Commodity	Exchange	Contract	Trend	S2	S1	LTP	R1	R2
Gold	MCX	Oct	Up	27100	27300	27448	27600	27750
Spot Gold			Up	1138	1147	1153	1159	1166
Gold Hedge	NCDEX	Sept	Up	24570	24750	24887	25020	25160
Silver	MCX	Sept	Sideways	34700	35100	35410	35900	36300
Spot Silver			Sideways	14.50	14.70	14.81	15.00	15.20
Silver Hedge	NCDEX	Aug	Sideways	31270	31670	31987	32470	32870
Base Metal
Copper			Sideways	4793	4830	4888	4930	4980
Copper	MCX	Aug	Up	328	331	334.5	338	341
Zinc	MCX	Aug	Sideways	113.00	114.00	114.90	116.00	117.00
Lead	MCX	Aug	Sideways	109.00	110.00	111.20	112.50	113.50
Aluminium	MCX	Aug	Up	99.00	100.00	101.10	102.00	103.00
Nickel	MCX	Aug	Down	620	630	639.7	648	655
Energy
Crude Oil	MCX	Aug	Sideways	2540	2590	2639	2670	2730
Crude Oil	NYMEX	Sept	Sideways	37.30	38.10	38.83	39.20	40.10
Crude Oil	NCDEX	Aug	Sideways	2530	2580	2636	2660	2720
Brent Crude Oil	MCX	Sept	Sideways	3020	3070	3120	3150	3210
Brent Crude Oil	ICE	Oct	Sideways	41.90	42.60	43.28	43.70	44.50
Natural Gas	MCX	Aug	Sideways	174	176	178.7	180	183

Recommendations

Copper MCX Aug Contract

Intraday Strategy: Buy MCX Aug Copper between 330 – 331, SL – 328, Target – 338 / 339

Crude Oil MCX Sept Contract

Intraday Strategy: Buy MCX Sept Crude Oil between 2590 – 2600, SL – 2540, Target – 2670 / 2680

MCX Copper Crude Oil 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

[SMM Analysis] The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product

[SMM Analysis: The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product]

7 hours ago

8 hours ago

BC Copper 2604 Closed Lower with a Wide Trading Range, Pressured by Both Geopolitics and Interest Rate Cut Expectations [SMM BC Copper Commentary]

8 hours ago

Inner Mongolia Approves 500 kV Project, Boosting Ordos City's Power Grid in 14th Five-Year Plan

Recently, the 500 kV transmission and transformation project of Jiri (Kusha II) was officially approved by the Energy Bureau of Inner Mongolia Autonomous Region, marking a good start for the power grid construction of Ordos City in the first year of the 14th Five-Year Plan. The project is located in the territory of Hangjin Banner, with a total investment of 1.52554 billion yuan. It is a key hub project to ensure the output and consumption of new energy power in the northwestern region of Hangjin Banner. The project plans to build one 500 kV substation and about 194 km of 500 k V lines, which will pass through Hangjin Banner and Dalad Banner.

8 hours ago