Metals Technical Report - August 26, 2015 : Angel Commodities-Shanghai Metals Market

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Metals Technical Report - August 26, 2015 : Angel Commodities

Industry News 03:02:47PM Aug 26, 2015 Source:SMM

By  Paul Ploumis 26 Aug 2015  Last updated at  01:12:21 GMT

Intraday Strategy: Buy MCX Aug Copper between 332-333, SL- 329, Target-339 / 340

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold MCXOctUp26450 26600 26740 26900 27050
Spot Gold 

Up1125 1131 1137 1144 1150
Gold Hedge NCDEX SeptUp23942 24080 24205 24350 24490
Silver MCX Sept Sideways33900 34300 34652 35000 35300
Spot Silver

Sideways14.30 14.50 14.61 14.70 14.88
Silver Hedge NCDEX Aug Sideways30680 31083 31435 31780 32080









Base Metal

 Copper 

Sideways4935  4970 5032 5060 5110
 Copper MCX Aug Up329 333 336.85 339 342
 Zinc MCX Aug Sideways113.00 114.00 114.90 116.00 117.00
 Lead MCXAug Sideways108.50 109.50 110.80 111.50 113.00
 Aluminium MCX Aug Up100.00 101.00 101.95 103.00 104.00
 NickelMCX Aug Down619 627 634.9 644 655

Energy

 Crude Oil MCX AugSideways2430 2570 2607 2650 2700
 Crude Oil NYMEX SeptSideways36.50 38.60 39.17 39.80 40.60
 Crude Oil NCDEX AugSideways2315 2455 2492 2535 2585
 Brent Crude OilMCX SeptSideways2940 3080 3120 3160 3210
 Brent Crude OilICE OctSideways40.70 42.60 43.17 43.70 44.40
 Natural GasMCX AugSideways171  173 175.9 178 181

Recommendations

Copper MCX Aug Contract

copper 26.jpg

Intraday Strategy: Buy MCX Aug Copper between 332 – 333, SL – 329, Target – 339 / 340

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


Metals Technical Report - August 26, 2015 : Angel Commodities

Industry News 03:02:47PM Aug 26, 2015 Source:SMM

By  Paul Ploumis 26 Aug 2015  Last updated at  01:12:21 GMT

Intraday Strategy: Buy MCX Aug Copper between 332-333, SL- 329, Target-339 / 340

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold MCXOctUp26450 26600 26740 26900 27050
Spot Gold 

Up1125 1131 1137 1144 1150
Gold Hedge NCDEX SeptUp23942 24080 24205 24350 24490
Silver MCX Sept Sideways33900 34300 34652 35000 35300
Spot Silver

Sideways14.30 14.50 14.61 14.70 14.88
Silver Hedge NCDEX Aug Sideways30680 31083 31435 31780 32080









Base Metal

 Copper 

Sideways4935  4970 5032 5060 5110
 Copper MCX Aug Up329 333 336.85 339 342
 Zinc MCX Aug Sideways113.00 114.00 114.90 116.00 117.00
 Lead MCXAug Sideways108.50 109.50 110.80 111.50 113.00
 Aluminium MCX Aug Up100.00 101.00 101.95 103.00 104.00
 NickelMCX Aug Down619 627 634.9 644 655

Energy

 Crude Oil MCX AugSideways2430 2570 2607 2650 2700
 Crude Oil NYMEX SeptSideways36.50 38.60 39.17 39.80 40.60
 Crude Oil NCDEX AugSideways2315 2455 2492 2535 2585
 Brent Crude OilMCX SeptSideways2940 3080 3120 3160 3210
 Brent Crude OilICE OctSideways40.70 42.60 43.17 43.70 44.40
 Natural GasMCX AugSideways171  173 175.9 178 181

Recommendations

Copper MCX Aug Contract

copper 26.jpg

Intraday Strategy: Buy MCX Aug Copper between 332 – 333, SL – 329, Target – 339 / 340

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