14 June 2016

BULIONS & ENERGY LEVELS FOR 14 JUNE 2016

Bullions: Gold eases gains of yesterday and trade flat with main focus on U.S. Federal Reserve meeting that begins later in the day and on Britain's June 23 vote on whether to leave the European Union. Spot gold had dipped 0.1 percent to $1,282.41 an ounce Bullion touched a session-peak of $1,287.0 on Monday.

            COMMODITY
S2
S1
R1
R2
TREND
RANGE
Gold
30000
30150
30550
30700
UP
30000-30600
Silver
40700
41100
41900
42300
UP
41000-42000

 
Energy: Crude oil prices held weaker in Asia on Tuesday with worries over global demand stoked by a possible exit of the U.K. from the European Union. Later Tuesday, the American Petroleum Institute will release estimates of crude and refined product stocks at the end of last week. The figures will be followed on Wednesday with more closely-watched data from the U.S. Department of Energy.
Yesterday’s CRUDEOIL level not executed as open gap down.
              
OUTLOOK: SELL CRUDEOIL BETWEEN 3335-3340 TGT 3300-3270 SL 3370

COMMODITY
S2
S1
R1
R2
TREND
RANGE
Crude oil
3200
3240
3330
3390
SIDEWAYS
3240-3340


1 comment: