Commodities intraday targets/key levels

Key points:

Contract

Target

Support/Resistance

Brent oil

$64.91/$63.79

res $66.71/$67.83

Palm oil (3rd month)

3,968 ringgit

res 4,072/4,119 ringgit

WTI*

$63.26/$62.20

res $65.64/$66.54

Spot gold

$3,270/$3,199

res $3,350/$3,385

LME copper (3rd month)*

$9,218/$9,072

res $9,454/$9,600

LME aluminium (3rd month)*

$2,463/$2,477

sup $2,424/$2,411

CBOT soybeans (July)

$10.41-3/4

res $10.54, $10.59, $10.76-1/2

CBOT corn (July)

$4.77-1/4, $4.74

res $4.81-1/4, $4.83-3/4, $4.86

CBOT wheat (July)

$5.42, $5.32-3/4

res $5.47-1/2, $5.52

N.Y. coffee (July)*

$3.8975/$3.9825

sup $3.8450/$3.76

N.Y. cocoa (July)*

$8,694/$8,477

res $9,045/$9,261

* Prices are delayed.

** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being 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.

OK