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TECHNICALS-Commodities intraday targets/key levels

ReutersJul 22, 2025 12:26 AM
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Contract

Target

Support/Resistance

Brent oil

$68.26

res $69.17/$69.62/$70.07

Palm oil (3rd month)

4,198/4,150 ringgit

res 4,258/4,294 ringgit

WTI*

$66.25

res $67.35/$67.61/$68.13

Spot gold

$3,401/$3,418

sup $3,385/$3,373

LME copper (3rd month)*

$9,877/$9,905/$9,923

sup $9,833/$9,806

LME aluminium (3rd month)*

$2,624

res $2,648/$2,658/$2,672

CBOT soybeans (Nov.)

$10.20-3/4, $10.16-3/4

res $10.33-1/4, $10.35-1/4

CBOT corn (Sept.)

$4.00-1/4

res $4.06-1/4, $4.10-1/4

CBOT wheat (Sept.)

$5.37-1/4, $5.32

res $5.40-1/2, $5.46

N.Y. coffee (Sept.)*

$2.8615/$2.7935

res $2.9715/$3.0215

N.Y. cocoa (Sept.)*

$8,284/$8,474

sup $7,888/$7,668/$7,433

* 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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