Commodities intraday targets/key levels
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Contract | Target | Support/Resistance |
Brent oil (1st month) | $69.55/$70.08 | sup $69.06/$68.69/$68.16 |
Palm oil (3rd month) | 4,457/4,492 ringgit | sup 4,401/4,366 ringgit |
WTI* (1st month) | $65.10/$65.57/$65.87 | sup $64.66/$64.33/$63.86 |
Spot gold | $3,719/$3,705 | res $3,759/$3,772/$3,793 |
LME copper (3rd month)* | $10,415 | sup $10,286/$10,242/$10,215 |
LME aluminium (3rd month)* | $2,662/$2,673 | sup $2,647/$2,639/$2,632 |
CBOT soybeans (Nov.) | $10.16-3/4, $10.21 | sup $10.05, $10.01-1/2, $9.95 |
CBOT corn (Dec.) | $4.21-1/4, $4.18-3/4 | res $4.25, $4.27-1/4 |
CBOT wheat (Dec.) | $5.18, $5.13-3/4 | res $5.21-1/4, $5.24-3/4, $5.29 |
N.Y. coffee (Dec.)* | $3.7850 | sup $3.6080/$3.5505 |
N.Y. cocoa (Dec.)* | $6,905/$6,723 | res $7,205/$7,235/$7,393 |
* Prices are delayed.
** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
If you have a query or comment on this story, send an email to wang.tao@tr.com.
