Tuesday, 24 May 2016

TODAY’S BULLIONS & ENERGY LEVELS FOR 24 MAY 2016

Bullions: Gold futures settled lower Monday for a fourth session in a row, as the expectation that the Fed could raise interest rates as soon as next month drove precious-metals prices to their lowest levels since late April. 

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Higher interest rates would presumably lift dollar demand, dampening buyer interest in dollar-priced precious metals. Rate hikes can also weigh on gold as the precious metal doesn’t pay interest. That tends to push investors toward higher-yielding alternatives when rates are on the rise.



COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
29350
29500
29800
29950
SIDEWAYS
29300-29900

Silver
39000
39300
40000
40300

SIDEWAYS
39000-39500

Energy: Oil futures trade sideways in morning session with buying from lower level pull the prices to intraday high .Next week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply-and-demand signals.

COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3130
3190
3310
3360
BULLISH
3180-3290


Monday, 23 May 2016

TODAY’S BULIONS & ENERGY LEVELS FOR 23 "MAY" 2016

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Bullion: Gold trades near three-week lows early Monday on firmer Asian stocks and growing expectations that the U.S. Federal Reserve will hike interest rates as early as June.  Spot gold trading near three-week lows after declining for three days in a row. The metal fell 1.7 percent last week, marking its biggest weekly decline in two months. 
COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
29350
29500
29800
29950
SIDEWAYS
29400-29900
Silver
39000
39400
40100
40500
SIDEWAYS
39400-40200

Energy: Oil futures ended lower on Friday, but still posted a second consecutive week of gains amid mounting concerns over global supply disruptions. Next week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply-and-demand signals.


OUTLOOK: Buy June Crude Oil between 3210 – 3215, SL – 3180, Target – 3280/ 3320


COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3170
3230
3330
3390
BULLISH
3200-3280

Tuesday, 17 May 2016

COMMODITY BULIONS & ENERGY LEVELS FOR 17 MAY 2016

Bullions: Gold gained in Asia on Tuesday with investors looking ahead to data on U.S. consumer prices for indications which can show the fed decision on interest rate moves this year. Gold extended previous gains on Monday morning after the Federal Reserve Bank of New York said its Empire State Manufacturing Index in May has fallen 9.02 points, halting a brief run of monthly gains over the prior two months. Weakness in new orders and inventories dragged down the overall reading, while shipments turned lower in May creating further declines. 
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COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
29650
29800
30100
30200
SIDEWAYS
29700-30200
Silver
40200
40600
41300
41700
SIDEWAYS
40500-41500



Energy: Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs (NYSE:GS) to issue a bullish assessment on near-term prices.
Brent crude futures were up 28 cents at $49.25 a barrel, near six-month highs of $49.47 reached on Monday.
OUTLOOK: BUY MCX CRUDEOIL BETWEEN 3120-3130 TGT 3220-3250 SL 307