Key Levels and Targets for Commodities Trading

In the commodities market, several key levels have been identified for intraday trading. For Brent oil, the first-month contract shows resistance at $92.84, with further levels at $97.07 and $99.67. Meanwhile, WTI crude oil's first-month contract has a resistance level at $86.26, with additional resistance points at $91.17 and $94.25.

Palm oil, on the third month, is facing resistance at 4,408 and 4,349 ringgit, with higher levels at 4,475, 4,517, and 4,566 ringgit. Spot gold has support levels at $4,747, $4,718, and $4,662, while resistance can be found at $4,816 and $4,876. Additionally, LME copper and aluminum contracts also show significant resistance levels, with copper at $13,130 and $13,028, and aluminum at $3,541 and $3,525.

In agricultural commodities, CBOT soybeans for May have resistance at $11.63-3/4 and $11.59, while support is noted at $11.67-3/4, $11.71-1/2, and $11.76. For corn, the May contract has support at $4.54-1/4 and $4.55-3/4, with critical support levels at $4.48-3/4 and $4.46-1/2. Lastly, coffee and cocoa contracts also indicate key resistance and support levels, such as coffee at $2.8035 and cocoa at $3,383.