Contract Target Support/Resistance | Brent oil (1st month) $70.53/$69.68/$68.31 res $71.91/$73.20/$74.14 | Palm oil (3rd month) 4,485/4,466 ringgit res 4,513/4,536/4,513/4,485 ringgit | WTI* (1st month) $67.34/$66.35 res $69.13/$69.99/$70.85 | Spot gold $4,158/$4,174/$4,195 sup $4,120/$4,087/$4,067 | LME copper (3rd month)* - res $13,410/$13,534/$13,633 sup $13,211/$13,088 | LME aluminium (3rd month)* $3,114/$3,147 sup $3,061/$3,028 | CBOT soybeans (Nov) $11.42-3/4, $11.38-1/2 res $11.52-1/4, $11.56, $11.60 | CBOT corn (Sept) $4.21-1/4, $4.18-1/4 res $4.24-3/4, $4.27-1/4 | CBOT wheat (Sept) $5.94-1/2, $5.86-1/2 res $6.06-1/2, $6.14 | N.Y. coffee (Sept)* $2.9405 res $3.0510/$3.0860, $3.1435 | N.Y. cocoa (Sept)* $4,935/$4,845/$4,789 res $5,081/$5,172/$5,234 |
* 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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