TECHNICALS-Commodities intraday targets/key levels
SINGAPORE, March 12 (Reuters) -
Contract | Target | Support/Resistance |
Brent oil | - | res $70.61/$71.31/$71.88 sup $69.48/$68.78 |
Palm oil (3rd month) | 4,420/4,354 ringgit | res 4,525/4,572 ringgit |
WTI | - | res $67.61/$68.30 sup $66.01/$65.30 |
Spot gold | $2,927/$2,939/$2,956 | sup $2,909/$2,894/$2,879 |
LME copper (3rd month)* | $9,752/$9,824 | sup $9,609/$9,520 |
LME aluminium (3rd month) | $2,737 | sup $2,684/$2,667/$2,651 |
CBOT soybeans (May) | $10.03, $9.97 | res $10.22-3/4, $10.29-1/4, $10.34 |
CBOT corn (May) | $4.65-1/2, $4.58-1/4 | res $4.73-3/4, $4.76-3/4, $4.81-1/4 |
CBOT wheat (May) | $5.48-1/2 | res $5.62-1/2, $5.66-3/4, $5.71 |
N.Y. coffee (May)* | $4.0085/$4.0540 | sup $3.9130/$3.86 |
N.Y. cocoa (May) | - | res $8,509/$8,710/$9,101 sup $8,032/$7,612/$7,273 |
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
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