Intraday Targets and Key Levels for Major Commodities

Brent crude for the front month shows a target of $97.23, with resistance zones at $104.77 and $107.22. Palm oil for the third month is priced at 4,572/4,538 ringgit, while resistance lies at 4,627 and 4,661 ringgit. WTI crude for the front month targets $94.07, $93.01 and $91.30, with resistance at $97.37 and $99.04.

Spot gold is trading around $4,678 to $4,655, and resistance levels are $4,737 and $4,773. LME copper for the third month targets $13,296 and $13,200, with resistance at $13,461 and $13,564. LME aluminium for the same month aims for $3,510 and $3,482, while resistance stands at $3,557 and $3,586.

On the agricultural front, CBOT soybeans for July range between $11.84-1/2 and $11.79-1/4, with resistance at $11.92-1/2 and $11.99. July corn targets are $4.61 and $4.59-1/4, resistance at $4.66-1/2 and $4.68-1/2. Wheat for July is priced at $6.04-3/4 and $6.01-1/4, with resistance at $6.16 and $6.20. New York coffee for July shows $2.8185 and $2.7820, resistance at $2.8480 and $2.8770. New York cocoa for July targets $4,315 and $4,406, with support at $4,230, $4,167 and $4,075. Prices are delayed and reflect the analysis of Reuters commodity specialist Wang Tao, who stresses that the information is not financial advice.