Intraday Commodity Targets and Key Levels

Brent crude for the front month shows a target range between $116.03 and $118.49, while immediate support is seen at $110.54, $108.67. Palm oil contracts for the third month are projected to reach 4,693 to 4,713 ringgit, with support levels at 4,639, 4,624, and 4,597 ringgit. WTI crude for the front month targets $106.44 to $108.16, and support zones are identified at $103.42, $101.92, and $99.04.

Spot gold is expected to test resistance at $4,501, $4,465, and $4,428, with higher resistance at $4,560 and $4,582. LME copper for the third month lists targets of $12,760, $12,697, and $12,644, while resistance sits at $12,862 and $12,945. LME aluminium for the same month has targets of $3,482, $3,462, and $3,435, with resistance at $3,510 and $3,534.

In the agricultural sector, CBOT soybeans for July are priced between $12.26‑½ and $12.36, with support at $12.20‑¼, $12.16‑½, and $12.10. CBOT corn for July targets $4.89‑½, supported at $4.84, $4.82‑¾, and $4.80‑½. CBOT wheat for July aims for $6.49 to $6.53‑¾, with support at $6.38‑¾, $6.35‑¼, and $6.29. New York coffee for July shows a target of $2.9090 and support at $2.85, $2.8310, and $2.8135. New York cocoa for July targets $4,001 and $4,075, with support at $3,835 and $3,779. All prices are delayed; the analysis reflects the views of Reuters analyst Wang Tao and does not constitute advice.