Intraday Commodity Price Targets and Key Levels

Key price targets and support/resistance levels for major commodities are outlined below for intraday trading reference.

Brent crude oil (1st month contract) shows targets at $111.32, $114.35, and $116.42, with support levels at $108.87, $106.42, and $103.39.

Palm oil (3rd month contract) is trading at 4,749 ringgit with resistance levels at 4,854, 4,888, and 4,919 ringgit.

WTI crude oil (1st month contract) has targets at $117.02 and $120.02, with support at $112.18, $109.18, and $106.67.

Spot gold is positioned at $4,573 with resistance levels at $4,692 and $4,733.

LME copper (3rd month contract) shows targets at $12,229 and $12,091, with resistance at $12,453 and $12,592.

LME aluminium (3rd month contract) is trading between $3,386 and $3,430, with resistance levels at $3,479, $3,501, and $3,528.

CBOT soybeans (May contract) are trading between $11.58 and $11.61-1/4, with resistance at $11.69-1/4, $11.71-3/4, and $11.75.

CBOT corn (May contract) is at $4.50-3/4 with resistance levels at $4.55-3/4 and $4.57-1/4.

CBOT wheat (May contract) shows levels at $5.77-1/2 and $5.87, with resistance at $6.02 and $6.09-1/2.

N.Y. coffee (May contract) is trading between $2.9190 and $3.0195, with resistance at $3.0460.

N.Y. cocoa (May contract) shows levels at $3,139 and $3,175, with resistance at $3,281 and $3,328.