Commodities intraday targets/key levels

By Reuters News

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Contract

Target

Support/Resistance

Brent oil (Jan.)

$110.29/$108.13

res $113.79/$115.95/$117.43

Palm oil (3rd month)

4,716/4,744 ringgit

sup 4,653/4,632 ringgit

WTI* (1st month)

$101.54/$100.90/$99.97

res $103.34/$103.92/$104.85

Spot gold

$3,858/$3,824

res $3,913/$3,932/$3,946

LME copper (3rd month)*

$14,059/$13,943/$13,812

res $14,235/$14,383/$14,527

LME aluminium (3rd month)*

$3,021/$2,973

res $3,100/$3,149/$3,179

CBOT soybeans (Jan)

$12.30-1/2, $12.27, $12.21-1/2

res $12.41-1/2, $12.45-1/2, $12.51

CBOT corn (Dec)

$4.44-3/4, $4.43

res $4.49-1/4, $4.52, $4.53-3/4

CBOT wheat (Dec)

$5.96-1/4, $5.90-3/4

res $6.08-1/4, $6.13-3/4, $6.19-1/4

N.Y. coffee (Dec)*

$2.9380

sup $2.8570/$2.8135

N.Y. cocoa (Dec)*

$5,362/$5,289

res $5,525/$5,569/$5,633

* Prices are delayed.

** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are exclusively published on Workspace — a platform provided by the London Stock Exchange.

No information in this analysis should be considered 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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