Commodities intraday targets/key levels

By Reuters News

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Contract

Target

Support/Resistance

Brent oil (1st month)

$105.59/$105.03/$104.51

res $107.34/$109.08

Palm oil (3rd month)

4,588/4,567 ringgit

res 4,656/4,677/4,711 ringgit

WTI* (1st month)

$92.66/$92.06/$91.08

res $93.64/$94.61/$96.79

Spot gold

$4,154/$4,145/$4,135

res $4,174/$4,184/$4,203

LME copper (3rd month)*

$14,665/$14,734

sup $14,587/$14,554/$14,490

LME aluminium (3rd month)*

$3,061/$3,082/$3,099

sup $3,028/$3,008

CBOT soybeans (Nov)

$12.80-1/2, $12.78, $12.74-1/2

res $12.84, $12.87, $12.89-3/4

CBOT corn (Dec)

$4.79, $4.75-1/4

res $4.83-1/4, $4.85, $4.87-1/4

CBOT wheat (Dec)

$6.65-1/4, $6.63-1/4

res $6.74, $6.77-1/4

N.Y. coffee (Dec)*

$2.9305/$2.96

sup $2.8940/$2.8715/$2.8350

N.Y. cocoa (Dec)*

$5,772/$5,829/$5,920

sup $5,596/$5,533/$5,441

* 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 the Workspace — a platform provided by 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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