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Metals and Energy Technical Report - August 31, 2015 : Angel Commodities

iconAug 31, 2015 13:20
Source:SMM
Buy MCX Oct Gold between 26480 – 26530, SL- 26350, Target -26750 / 26780

By  Paul Ploumis 31 Aug 2015  Last updated at  01:01:11 GMT

Intraday Strategy: Buy MCX Oct Gold between 26480 – 26530, SL- 26350, Target -26750 / 26780

Morning Technical Levels for Metals and Energy

CommodityExchangeContract TrendS2S1LTPR1R2
Gold MCXOctSideways26350 26500 26623 26750 26900
Spot Gold 

Sideways1122 1129 1134 1139 1146
Gold Hedge NCDEX SeptSideways2363023760 23874 23990 24120
Silver MCX DecSideways34300 34700 35089 35400 35800
Spot Silver

Sideways14.20 14.40 14.52 14.60 14.80
Silver Hedge NCDEX NovSideways30580 30983 31372 31680 32080









Base Metal

 Copper 

Up5000 5050 5095 5150 5190
 Copper MCX Aug Up336 339 342.2 346 349
 Zinc MCX SeptUp118.50 119.50 120.75 122.00 123.00
 Lead MCXSeptUp113.50 114.50 115.40 116.50 117.50
 Aluminium MCX SeptUp104.50 105.80 106.80 107.80 109.00
 NickelMCX SeptUp648  660 669.7 675 685


Recommendations

Gold MCX Oct Contract

Intraday Strategy: Buy MCX Oct Gold between 26480 – 26530, SL – 26350, Target – 26750 / 26780

Nickel MCX Sept Contract

Intraday Strategy: Buy MCX Sept Nickel between 658 – 660, SL – 648, Target – 675 / 680

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


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