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.
|
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
|
COMMODITY
|
S2
|
S1
|
R1
|
R2
|
TREND
|
RANGE
|
|
Crude
oil
|
3155
|
3200
|
3320
|
3370
|
BULLISH
|
3140-3265
|
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