TECHNICALS-Commodities intraday targets/key levels
SINGAPORE, May 20 (Reuters) -
Contract | Target | Support/Resistance |
Brent oil | $65.88/$66.24/$66.67 | sup $64.91/$64.44/$63.75 |
Palm oil (3rd month) | 3,946/3,981 ringgit | sup 3,866/3,839/3,795 ringgit |
WTI* | $63.37/$63.81 | sup $62.31/$61.50/$60.78 |
Spot gold | $3,176/$3,135 | res $3,251/$3,286 |
LME copper (3rd month)* | $9,454/$9,318 | res $9,600/$9,690 |
LME aluminium (3rd month)* | $2,416/$2,401 | res $2,461/$2,481 |
CBOT soybeans (July) | $10.36-3/4 | res $10.54-1/4, $10.59-3/4, $10.65 |
CBOT corn (July) | - | res $4.48-3/4, $4.54-3/4 sup $4.44, $4.39-3/4 |
CBOT wheat (July) | $5.24-3/4, $5.21, $5.17-3/4 | res $5.31, $5.36 |
N.Y. coffee (July)* | - | res $3.7635/$3.8210/$3.9130 sup $3.7175/$3.6715/$3.6145 |
N.Y. cocoa (July)* | $10,530 | res $11,097/$11,512 |
* 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
Related Articles
What Are On-Chain Perpetual Contracts? Why Are HYPE and ASTER Surging?
The explosive rise of HYPE and ASTER is more than just a price story — it’s a triumph of on-chain derivatives tech, token economics, and community-driven growth. As users demand greater transparency, security, and decentralization, on-chain perpetual contracts are poised to challenge and even replac
Investing in Advanced Chips & Foundry Stocks
All waves of technological development have a foundation, and today’s digital economy is grounded in the semiconductor industry. From smartphones and artificial intelligence to data centers and electric vehicles
NVIDIA–Oracle–OpenAI: AI Growth Engine or Warning Signs of a Bubble?
TradingKey - Earlier this week, NVIDIA announced a preliminary partnership with OpenAI to jointly deploy 10 gigawatts of compute capacity.
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
