11 July 2016

BULLIONS & ENERGY LEVELS FOR 11 July 2016

Bullions: Gold pares loss of Friday‘s decline after U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve remain cautious about hiking interest rates.

           
S2
S1
R1

R2
TREND

GOLD
31350
31500
31900

32100
SIDEWAYS

SILVER
46700
47000
47800

48100
SIDEWAYS




Energy: Oil futures ended Friday’s session close to two-month lows as concerns over the global economic outlook combined with data showing that the U.S. oil rig count rose for the fifth time over the past six weeks weighed.
















           
S2
S1
R1

R2
TREND
CRUDEOIL
2950
3010
3100

3150
BEARISH



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