Commodities technical levels: Brent, WTI, gold and copper
Reuters lists intraday support and resistance levels for oil, gold, copper, grains, palm oil and softs, based on analyst Wang Tao's technical notes.
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what happened
Reuters market analyst Wang Tao published intraday support and resistance levels for major commodity contracts. For the January Brent contract, support is seen at $110.29 and $108.13, while resistance sits at $113.79, $115.95 and $117.43. For first-month WTI, the levels to watch are $101.54, $100.90 and $99.97 on the downside, and $103.34, $103.92 and $104.85 on the upside.
In metals, spot gold has support at $3,858 and $3,824 and resistance at $3,913, $3,932 and $3,946. For three-month LME copper, support is listed at $14,059, $13,943 and $13,812, with resistance at $14,235, $14,383 and $14,527.
The note also covers palm oil, soybeans, corn, wheat, coffee, cocoa and aluminium. Reuters notes that some prices are delayed and that the material is not investment advice.
why it matters
Technical levels are reference points traders use to plan entries and exits, but they do not guarantee where prices will go. Energy and metals desks compare live quotes with these marks, which is why the list is useful as a reference tool.
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sources
- Commodities intraday targets/key levels — Reuters, 2 November 2026 at 00:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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