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TECHNICALS-Commodities intraday targets/key levels

ReutersJul 8, 2025 12:12 AM
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Contract

Target

Support/Resistance

Brent oil

$70.09/$70.51

sup $68.99/$68.66

Palm oil (3rd month)

4,032 ringgit

res 4,079/4,108 ringgit

WTI*

$68.47/$68.96

sup $67.17/$66.75

Spot gold

$3,320/$3,306

res $3,348/$3,357/$3,366

LME copper (3rd month)*

$9,757/$9,730

res $9,833/$9,857/$9,880

LME aluminium (3rd month)*

$2,558/$2,547

res $2,582/$2,591

CBOT soybeans (Nov.)

$10.30-1/2

sup $10.19-1/4, $10.13-1/4

CBOT corn (Sept.)

$4.06-1/4, $4.10

sup $4.02, $4.00-1/4, $3.96

CBOT wheat (Sept.)

$5.52, $5.56

sup $5.43, $5.39-1/2

N.Y. coffee (Sept.)*

$2.6840

res $2.8615/$2.9190

N.Y. cocoa (Sept.)*

$8,607

sup $8,050/$7,839

* 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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
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