Intraday Commodity Price Targets and Key Levels
Here are the key intraday price targets and support/resistance levels for major commodities:
Brent oil (1st month): Trading between $99.04 and $101.47, with support levels at $96.03, $93.96, and $91.16.
Palm oil (3rd month): Currently at 4,644-4,696 ringgit, with support at 4,579 and 4,534 ringgit.
WTI (1st month): Price at $101.18, with support at $94.92 and $92.88.
Spot gold: Trading between $4,660 and $4,601 resistance, with further resistance at $4,734 and $4,784.
LME copper (3rd month): Between $12,592 and $12,453 resistance, with additional resistance at $12,704 and $12,816.
LME aluminum (3rd month): Trading between $3,430 and $3,413 resistance, with further resistance levels at $3,479, $3,501, and $3,528.
CBOT soybeans (May): Trading at $11.63-1/2 and $11.66-1/4, with support at $11.60, $11.57-3/4, and $11.55.
CBOT corn (May): Prices at $4.49-1/4 and $4.50-3/4, with support at $4.46-3/4 and $4.44-3/4.
CBOT wheat (May): Trading between $5.84-3/4 and $5.89-1/2, with support at $5.81-3/4 and $5.77-1/4.
N.Y. coffee (May): Price at $2.9765, with support at $2.9245 and $2.8605.
N.Y. cocoa (May): Trading between $3,133 and $3,075 resistance, with further resistance at $3,227 and $3,285.


