"Technical Analysis" Main Commodity Intraday Targets / Key Technical Levels
This article provides an analysis of target levels, support levels, and resistance levels for major commodities, including Brent crude oil, palm oil, West Texas Intermediate crude oil, spot gold, LME copper, LME aluminum, CBOT soybeans, corn, wheat, New York coffee, and cocoa
(This article is authored by Wang Tao, a Reuters commodity and energy technical analyst, and the following content represents his personal views)
Reuters Singapore, February 18 -
Contract Target Price ($ represents USD) Support/Resistance ($ represents USD)
Brent Crude Oil $75.97 Support $74.76/$74.08/$73.36
Palm Oil 4,568⁄4,593 Malaysian Ringgit Support 4,503⁄4,463 Malaysian Ringgit
West Texas Intermediate (WTI) $71.88/$72.58 Support $70.76/$70.07
Spot Gold $2,897/$2,867 Resistance $2,909/$2,919/$2,931
LME Copper* $9,332/$9,222 Resistance $9,468/$9,552
LME Aluminum* $2,657/$2,668 Support $2,636/$2,626
CBOT Soybeans $10.33, $10.22 Resistance $10.44-1⁄4, $10.58
CBOT Corn $4.99-1⁄4, $5.02-1⁄4 Support $4.92-1⁄2, $4.90-1⁄4, $4.86
CBOT Wheat $6.12-1⁄2 Support $5.97-1⁄4, $5.92-1⁄2
New York Coffee $4.1255/$3.9515 Resistance $4.2330/$4.3240
New York Cocoa $9,863/$9,406 Resistance $10,601/$11,058
- Quotes are delayed, predictions may be affected
