Contract Target Support/Resistance | Brent oil (1st month) $74.14/$75.52 sup $73.20/$71.91/$70.53 | Palm oil (3rd month) 4,513/4,485 ringgit res 4,536/4,559/4,587 ringgit | WTI* (1st month) $69.13/$68.07/$66.35 res $70.85/$71.91/$72.56 | Spot gold $3,940/$3,920 res $4,002/$4,025/$4,041 | LME copper (3rd month)* $13,211/$13,088 res $13,410/$13,534/$13,633 | LME aluminium (3rd month)* $3,061/$3,028 res $3,114/$3,147 | CBOT soybeans (Nov) $11.44, $11.48-1/2 sup $11.38-3/4, $11.35-1/2 | CBOT corn (Sept) $4.15-1/2, $4.12-3/4 res $4.19-3/4, $4.22-1/2 | CBOT wheat (Sept) $5.94-1/2, $5.99-1/2 sup $5.86-3/4, $5.82 | N.Y. coffee (Sept)* $3.5010/$3.0860 sup $2.9940/$2.9405 | N.Y. cocoa (Sept)* $5,172/$5,234 sup $5,008/$4,935/$4,845 |
* 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 platform - a London Stock Exchange product.
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.
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